Form 4: Health Catalyst Executive Sells Shares to Cover Tax Obligations

Linda Llewelyn, Chief People Officer of Health Catalyst, Inc., sold 1,613 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On September 3, 2024, Linda Llewelyn, the Chief People Officer of Health Catalyst, Inc., sold 1,613 shares of the company's common stock.
• The sale was executed at a price of $7.2691 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Llewelyn directly owns 116,923 shares of Health Catalyst, Inc.
• The sale was mandated by the issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary trade by the Reporting Person.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the US financial markets and are required by the SEC to ensure transparency when company insiders trade their company's stock. This transaction appears to be a standard 'sell to cover' arrangement, which is a common practice.

Key Dates