Form 4: Inuvo CFO Wallace D. Ruiz Reports Stock Transactions
SEC Form 4 Filing
Wallace D. Ruiz, CFO of Inuvo, Inc., reports the vesting and subsequent tax withholding of shares on April 1, 2025.
Summary
- On April 1, 2025, Wallace D. Ruiz, CFO of Inuvo, Inc., reported transactions involving Inuvo's common stock and restricted stock units.
- Ruiz vested 75,000 restricted stock units, each representing a contingent right to receive one share of Inuvo's common stock.
- Following the vesting, 31,988 shares were withheld for tax purposes at a price of $0.365 per share.
- After these transactions, Ruiz directly owns 955,151 shares of Inuvo's common stock and 75,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting routine stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions reported in this filing have a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: vesting of restricted stock units and tax withholding of shares. |
| 04/02/2025 | Date of signature on the Form 4 filing. |
| 04/01/2026 | First anniversary of the date of grant for restricted stock units, with vesting occurring 33.33% per year. |
Keywords
Inuvo, INUV, Form 4, SEC Filing, Insider Trading, Wallace D. Ruiz, CFO, Restricted Stock Units, Common Stock, Beneficial Ownership
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