Form 4: Longeveron CEO Sells Shares to Cover Tax Obligations

Longeveron's CEO, Mohamed Wa'el Ahmed Hashad, sold 10,827 shares of Class A Common Stock to cover tax obligations related to a restricted stock unit vesting.

Summary

• Longeveron's Chief Executive Officer, Mohamed Wa'el Ahmed Hashad, sold 10,827 shares of Class A Common Stock on January 2, 2025.
• The sale was executed at a price of $1.79 per share.
• This transaction was to cover tax obligations associated with the vesting of a restricted stock unit award.
• Following the transaction, Mr. Hashad beneficially owns 267,434 shares, which includes restricted stock units subject to future vesting.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 10,827 shares is not unusual for a CEO's stock-based compensation.
• The price of $1.79 per share is a reflection of the current market value of Longeveron stock at the time of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Longeveron, CEO, Mohamed Wa'el Ahmed Hashad, stock sale, Class A Common Stock, restricted stock units, tax obligations, insider trading