Form 4: Intevac CFO Kevin Soulsby Reports Stock Transactions

Intevac's CFO, Kevin Soulsby, reports the acquisition and disposal of company stock, including shares withheld for tax obligations and the grant of restricted stock units.

Summary

• Kevin Soulsby, the CFO of Intevac Inc., reported several transactions involving Intevac's common stock.
• On May 15, 2024, shares were disposed of to cover tax obligations at a price of $4.03 per share, with 221, 130, and 623 shares disposed of in separate transactions.
• Following these transactions, Soulsby directly owns 36,145 shares of common stock.
• On May 16, 2024, Soulsby acquired 10,000 shares of common stock through restricted stock units (RSUs) at a price of $0.00.
• Soulsby also indirectly owns 33,651 shares through a trust.
• The RSUs vest upon the completion of one year of service from the vesting commencement date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to compensation and tax obligations. There is no indication of significant positive or negative developments.

Positives

• The acquisition of 10,000 shares through RSUs indicates a continued investment in the company by the CFO.

Future Outlook

The vesting of RSUs is contingent upon the reporting person's completion of one year of service from the vesting commencement date.

Industry Context

This is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates