Form 4: ReWalk Robotics CEO Lawrence Jasinski Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
ReWalk Robotics CEO Lawrence Jasinski sold 3,466 ordinary shares on June 18, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- Lawrence J. Jasinski, CEO of ReWalk Robotics Ltd., sold 3,466 ordinary shares on June 18, 2024.
- The sale was executed at a price of $4.2173 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs) granted on June 18, 2020.
- The sale was conducted through an automatic sell-to-cover arrangement mandated by the company's RSU grant agreement.
- Following the transaction, Jasinski directly owns 2,142 ordinary shares and indirectly owns 105,974 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell-to-cover for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares by company executives to cover tax obligations upon vesting of stock options or restricted stock units are a common practice.
Key Dates
| Date | Description |
|---|---|
| 06/18/2020 | Grant date of the restricted stock units (RSUs). |
| 06/18/2024 | Date of the share sale and vesting of RSUs. |
| 06/21/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.