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

Kevin Lee Freeman, Chief Commercial Officer of Health Catalyst, sold 2,951 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On June 3, 2024, Kevin Lee Freeman, the Chief Commercial Officer of Health Catalyst, Inc. (HCAT), sold 2,951 shares of common stock.
• The sale was executed at a price of $6.5333 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting of the Issuer's Restricted Stock Units.
• Following the transaction, Freeman still beneficially owns 273,653 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 is a routine regulatory filing related to an executive's stock sale to cover tax obligations. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The 'sell to cover' mechanism is a standard practice in many companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates