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 4,092 shares of common stock on July 15, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On July 15, 2024, Gail M. Sasaki, the EVP and CFO of Netlist Inc., sold 4,092 shares of the company's common stock.
- The sale was executed at a price of $1.47 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Sasaki beneficially owns 378,841 shares of Netlist Inc., which includes shares subject to unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of stock to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of the stock sale transaction. |
| 07/17/2024 | Date of signature on the Form 4 filing. |
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