Form 4: Kopin Corp Executive Paul Christopher Baker Sells Shares to Cover Taxes
SEC Form 4 Filing
Paul Christopher Baker, Strategic Business Officer at Kopin Corporation, sold shares of common stock on March 27, 2024, to cover taxes related to the vesting of restricted shares.
Summary
- On March 27, 2024, Paul Christopher Baker, a Strategic Business Officer at Kopin Corporation, sold 54,083 shares of common stock.
- The shares were sold at a price of $1.85 per share.
- This transaction was executed to cover taxes related to the vesting of restricted shares.
- Following the transaction, Baker directly owns 260,513 shares of Kopin Corporation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction, which is neutral in sentiment.
Industry Context
This is a routine Form 4 filing related to an insider transaction. It is common for executives to sell shares to cover tax obligations arising from the vesting of restricted stock units.
Stakeholder Impact
- The sale of shares by an officer could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of the transaction: sale of common stock. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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