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

Benjamin Landry, General Counsel of Health Catalyst, Inc., sold 3,315 shares of common stock on March 1, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 1, 2024, Benjamin Landry, the General Counsel of Health Catalyst, Inc., executed a transaction involving the company's common stock.
• The transaction involved the sale of 3,315 shares at a price of $8.0512 per share.
• This sale was not a discretionary trade but was mandated by Health Catalyst's equity incentive plan to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Landry directly owns 120,889 shares of Health Catalyst common stock.

Sentiment

Score: 5

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

Management Comments

• The sale is 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.

Industry Context

Sales to cover taxes on vesting equity are a common practice among executives.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates