Form 4: MaxCyte General Counsel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David I. Sandoval, General Counsel of MaxCyte, Inc., sold shares of common stock to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On January 13, 2025, David I. Sandoval, General Counsel of MaxCyte, Inc. [MXCT], sold 4,466 shares of common stock.
- The shares were sold at a price of $4.5391 per share.
- The sale was executed to cover tax withholding obligations related to the vesting of previously granted restricted stock units.
- Following the transaction, Sandoval directly owns 41,447 shares of MaxCyte common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a routine stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by the General Counsel to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 01/13/2025 | Date of stock sale transaction |
| 01/14/2025 | Date of signature on the Form 4 filing |
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