Form 4: Insuleet Corp CEO James Hollingshead Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO James Hollingshead disposed of 2,074 common stock shares of Insuleet Corp to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On February 27, 2025, James Hollingshead, the President and CEO of Insuleet Corp, disposed of 2,074 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $267.09 per share.
- Following the transaction, Hollingshead directly owns 65,994 shares of Insuleet Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of transaction: Disposal of 2,074 shares of common stock. |
| 02/28/2025 | Date of signature by attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.