4/A: iRobot Director Colin Angle Transfers Shares to Trust, Amends Form 4 Filing

Colin Angle, a director at iRobot Corp, transferred 194,300 shares of common stock to The Colin M. Angle 2011 Trust on February 29, 2024, and an amended Form 4 filing was submitted to include a Power of Attorney document.

Summary

• On February 29, 2024, Colin Angle, a director at iRobot Corp, transferred 194,300 shares of common stock to The Colin M. Angle 2011 Trust.
• The transfer was exempt from reporting pursuant to Rule 16a-13.
• The shares were sold in multiple transactions at prices ranging from $11.35 to $11.58.
• Following the transaction, Angle directly owns 246,345 shares and indirectly owns 14,797 shares through The Colin M. Angle 2011 Trust.
• An amended Form 4 filing was submitted on March 12, 2024, to include a Power of Attorney document that was inadvertently omitted from the original filing on March 1, 2024.
• The Power of Attorney grants Glen D. Weinstein, Tonya Drake, Gregg Katz, and Paul Rosie the authority to execute Forms 3, 4, and 5 on Angle's behalf.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a share transfer and Power of Attorney, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The share transfer may have a minor impact on shareholders due to the change in ownership structure, but the director still maintains a significant stake in the company.
• The Power of Attorney simplifies regulatory compliance for the director.

Key Dates