Form 4: Kopin Corp Executive Paul Christopher Baker Sells Shares to Cover Tax Obligations

Kopin Corporation's COO, Paul Christopher Baker, sold 12,521 shares of common stock to cover tax obligations related to a restricted stock grant.

Summary

• Paul Christopher Baker, the COO and Strategic Business Officer of Kopin Corporation, sold 12,521 shares of common stock on December 10, 2024.
• The sale was executed at a price of $1.13 per share.
• This transaction was to cover tax obligations arising from the vesting of a restricted stock grant.
• Following the transaction, Mr. Baker directly owns 322,992 shares of Kopin Corp stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications for the company's overall performance.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, and is common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the price are specific to Kopin Corp and its executive compensation structure.
• Similar transactions can be observed in other technology companies with stock-based compensation plans, such as MicroVision or Vuzix.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Kopin Corp, Paul Christopher Baker, stock sale, insider trading, tax obligations, restricted stock, COO, equity