Form 4: Netlist EVP and CFO Gail Sasaki Sells Shares to Cover Tax Obligations
SEC Form 4
Gail Sasaki, EVP and CFO of Netlist Inc, sold 8,183 shares of common stock on August 12, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 12, 2024, Gail M. Sasaki, the EVP and CFO of Netlist Inc., sold 8,183 shares of the company's common stock.
- The shares were sold at a price of $1.25 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Sasaki directly owns 370,658 shares of Netlist Inc., which includes unvested restricted stock units.
Sentiment
Score: 6
Explanation: The document describes a routine transaction (selling shares to cover taxes). It's neutral in sentiment as it doesn't indicate positive or negative developments for the company.
Industry Context
Sales of stock to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a change in the executive's long-term outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of the stock sale transaction. |
| 08/14/2024 | Date of signature on the Form 4 filing. |
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