Form 4: NeueHealth CFO Jay Matushak Reports Stock Sales to Cover Tax Obligations
SEC Form 4 Filing
NeueHealth's CFO, Jay Matushak, reported the sale of company stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On March 7, 2024, Jay Matushak, the Chief Financial Officer of NeueHealth, Inc., reported transactions involving the company's common stock.
- Matushak sold 570 shares of common stock at a weighted average price of $9.88 per share.
- On March 8, 2024, Matushak sold an additional 369 shares at a weighted average price of $8.42 per share.
- These sales were conducted to cover tax withholding obligations upon the vesting of restricted stock units and were not discretionary transactions.
- Following these transactions, Matushak directly owns 10,707 shares of NeueHealth common stock.
- Additionally, Matushak holds 2,444 restricted stock units, each representing a contingent right to receive one share of the Issuer's common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reports routine stock sales to cover tax obligations, which is a common practice and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Beginning date for vesting of restricted stock units in three equal annual installments |
| 03/07/2024 | Date of transaction involving the sale of 570 shares of common stock and vesting of 2,444 restricted stock units. |
| 03/08/2024 | Date of transaction involving the sale of 369 shares of common stock. |
| 03/11/2024 | Date of signature for the Form 4 filing. |
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