Form 4: NeueHealth CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
NeueHealth CEO George Lawrence Mikan III sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On March 7, 2025, NeueHealth CEO George Lawrence Mikan III sold 26,660 shares of common stock at a weighted average price of $7.19 per share to cover tax obligations related to vesting restricted stock units.
- On the same day, 7,565 restricted stock units vested, each representing a contingent right to receive one share of NeueHealth's common stock.
- Following these transactions, Mikan directly owns 186,321 shares of common stock.
- On March 10, 2025, Mikan sold 1,604 shares of common stock at a weighted average price of $7.06.
- After this transaction, Mikan directly owns 184,717 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions related to equity compensation. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The stock sales could have a minor, temporary impact on the stock price due to increased selling pressure.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Beginning date of the three equal annual installments for vesting of restricted stock units. |
| 03/07/2025 | Sale of 26,660 shares and vesting of 7,565 restricted stock units. |
| 03/10/2025 | Sale of 1,604 shares. |
| 03/11/2025 | Date of signature for the Form 4 filing. |
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