Form 4: Mister Car Wash Chief Innovation Officer Reports Stock Transactions

Joseph Duane Matheny, Chief Innovation Officer of Mister Car Wash, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover taxes and fees.

Summary

• Joseph Duane Matheny, Chief Innovation Officer of Mister Car Wash, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 25, 2024, 5,000 restricted stock units (RSUs) vested, each representing a contingent right to receive one share of Mister Car Wash common stock.
• Simultaneously, 5,000 shares of common stock were acquired upon the vesting of these RSUs at a price of $0.
• On June 26, 2024, 2,119 shares were sold at $6.93 per share to cover taxes and fees associated with the RSU vesting.
• Following these transactions, Matheny directly owns 81,206 shares of common stock and indirectly owns 45,000 shares through the Emersyn Matheny Irrevocable Trust.
• He also directly owns 10,000 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares, but it is primarily related to executive compensation.

Key Dates