Form 4: Myomo CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David A. Henry, CFO of Myomo, Inc., sold 7,774 shares of common stock on March 11, 2024, to cover income tax obligations resulting from the vesting of restricted stock units.
Summary
- On March 11, 2024, David A. Henry, the Chief Financial Officer of Myomo, Inc., sold 7,774 shares of the company's common stock.
- The sale was executed at a price of $3.51 per share.
- This transaction was conducted to cover income taxes resulting from the vesting of restricted stock units on March 8, 2024.
- The sale was completed pursuant to an irrevocable election made by Mr. Henry on March 8, 2024.
- Following the transaction, Mr. Henry directly owns 344,419 shares of Myomo, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) by a company executive. It doesn't inherently indicate positive or negative sentiment regarding the company's prospects.
Industry Context
Sales of shares by company executives are a common occurrence, often related to compensation and tax obligations. It's important to consider the context of these sales, such as the executive's overall holdings and the company's performance.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Restricted stock units vested, triggering tax obligations. |
| 03/08/2024 | Reporting Party made an irrevocable election. |
| 03/11/2024 | Shares sold to cover income taxes. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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