Form 4: Myomo CFO David Henry Reports Sale of Shares to Cover Tax Obligations

David Henry, CFO of Myomo, Inc., sold 10,620 shares of common stock on June 10, 2024, to cover income taxes resulting from the vesting of restricted stock units.

Summary

• On June 12, 2024, a Form 4 filing with the SEC was submitted by David A. Henry, the Chief Financial Officer of Myomo, Inc.
• The filing reports a transaction that occurred on June 10, 2024, where 10,620 shares of Myomo's common stock were sold.
• The sale was executed to cover income taxes resulting from the vesting of restricted stock units on June 8 and June 9, 2024.
• The shares were sold at an average price of $3.376, with individual sales ranging from $3.33 to $3.39 per share.
• Following the reported transaction, Henry directly owns 403,799 shares of Myomo common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The sale of shares by a company officer can sometimes be perceived negatively by shareholders, but in this case, it is for tax obligations, which is a common and understandable reason.

Key Dates