Form 4: Insuleet Corp Executive VP Benjamin Eric Reports Stock Transactions
SEC Form 4 Filing
Executive VP Benjamin Eric reports the acquisition and disposal of Insuleet Corp common stock and derivative securities due to option exercises and tax obligations.
Summary
- On February 28, 2025, Benjamin Eric disposed of 492 shares of common stock at $272.27 to cover tax obligations.
- On March 3, 2025, Benjamin Eric acquired 3,271 shares of common stock at $46.22 and 1,875 shares at $74.5 through option exercises.
- Following these transactions, Benjamin Eric beneficially owns 20,906 shares of Insuleet Corp common stock.
- The transactions also involved the exercise of employee stock options that vested over a four-year period.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The transactions have no impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/22/2027 | Expiration date for 3,271 employee stock options |
| 02/14/2028 | Expiration date for 1,875 employee stock options |
| 02/28/2025 | Disposal of 492 shares of common stock for tax obligations |
| 03/03/2025 | Exercise of employee stock options to acquire 3,271 and 1,875 shares of common stock |
| 03/04/2025 | Date of signature for the Form 4 filing |
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