Form 4: Health Catalyst General Counsel Sells Shares to Cover Tax Obligations

Health Catalyst's General Counsel, Benjamin Landry, sold 9,419 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Benjamin Landry, the General Counsel of Health Catalyst, Inc., sold 9,419 shares of common stock on December 1, 2024.
• The sale was executed at a price of $8.9732 per share.
• This transaction was not a discretionary trade but was mandated by the company's equity incentive plan to cover tax withholding obligations.
• Following the transaction, Landry directly owns 91,518 shares of Health Catalyst common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and is common practice for companies with equity-based compensation plans. It does not indicate any change in the company's performance or outlook.

Comparison to Industry Standards

• Many companies use 'sell to cover' mechanisms to manage tax obligations for employees receiving equity compensation.
• This type of transaction is standard practice and does not indicate any unusual activity compared to other companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Health Catalyst, stock sale, insider trading, Form 4, equity compensation, tax withholding, restricted stock units, Benjamin Landry