Form 4: Intest Corp Executive Michael Tanniru Reports Stock Transactions
SEC Form 4
Michael Tanniru, a Division President at Intest Corp, reports the withholding of shares to cover tax obligations and details holdings of employee stock options.
Summary
- On May 8, 2025, Michael Tanniru, Division President at Intest Corp, reported a transaction involving common stock.
- 98 shares were disposed of to cover tax withholding obligations at a price of $6.41 per share.
- Following the transaction, Tanniru directly owns 21,047 shares of Intest Corp common stock.
- Tanniru also holds employee stock options for various amounts of common stock at exercise prices of $7.74, $11.33, and $21.32, vesting in installments between 2024 and 2026, and expiring between 2033 and 2035.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required insider transactions. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders. It provides transparency into the trading activities of company executives and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/05/2034 | Expiration date for employee stock options with an exercise price of $11.33. |
| 05/07/2033 | Expiration date for employee stock options with an exercise price of $21.32. |
| 05/08/2025 | Date of transaction: shares withheld to cover tax obligations. |
| 05/12/2025 | Date of Form 4 filing. |
| 03/16/2035 | Expiration date for employee stock options with an exercise price of $7.74. |
| 03/06/2025 | First vesting date for employee stock options with an exercise price of $11.33. |
| 03/17/2026 | First vesting date for employee stock options with an exercise price of $7.74. |
| 05/08/2024 | First vesting date for employee stock options with an exercise price of $21.32. |
Keywords
Form 4, Insider Trading, Stock Options, Beneficial Ownership, Intest Corp, INTT, Tanniru, Executive Compensation
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