Form 4: NeueHealth CEO George Mikan III Sells Shares to Cover Tax Obligations After RSU Vesting

NeueHealth CEO George Lawrence Mikan III sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).

Summary

• On March 11, 2025, George Lawrence Mikan III, CEO and President of NeueHealth, Inc., sold 3,747 shares of common stock at a weighted average price of $6.85 per share to cover tax obligations related to RSU vesting.
• On the same day, Mikan exercised 130,000 restricted stock units, acquiring 130,000 shares of common stock.
• Following these transactions, Mikan directly owned 310,970 shares of NeueHealth common stock.
• On March 12, 2025, Mikan sold an additional 13,180 shares of common stock at a weighted average price of $6.93 per share.
• After this sale, Mikan directly owned 297,790 shares of NeueHealth common stock.
• The restricted stock units vest in three equal annual installments beginning on March 11, 2025.
• Mikan also directly owns 260,000 derivative securities in the form of Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales to cover tax obligations, which is neither particularly positive nor negative. It's a neutral event.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price due to increased selling pressure.

Key Dates