Form 4: Health Catalyst Executive Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan
SEC Form 4
Kevin Lee Freeman, Chief Commercial Officer of Health Catalyst, Inc., sold shares to cover tax obligations and pursuant to a pre-arranged trading plan.
Summary
- On September 3, 2024, Kevin Lee Freeman, the Chief Commercial Officer of Health Catalyst, Inc. (HCAT), engaged in transactions involving the company's common stock.
- Freeman sold 2,772 shares to cover tax withholding obligations related to the vesting of restricted stock units at a price of $7.2691 per share.
- Additionally, Freeman sold 7,500 shares at a price of $7.2232 per share under a pre-arranged trading plan established on March 12, 2024, in accordance with Rule 10b5-1.
- Following these transactions, Freeman directly owns 255,881 shares of Health Catalyst, Inc.
Sentiment
Score: 5
Explanation: The document describes routine stock sales by an executive, primarily to cover tax obligations and under a pre-arranged trading plan. This is generally neutral and doesn't indicate a strong positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, and sales to cover tax obligations are not typically indicative of a negative outlook on the company. Sales under a 10b5-1 plan are pre-arranged and designed to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| March 12, 2024 | Date the Reporting Person adopted a written trading plan in accordance with Rule 10b5-1. |
| September 03, 2024 | Date of the stock sales to cover tax obligations and under the 10b5-1 trading plan. |
| September 05, 2024 | Date of signature for the Form 4 filing. |
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