Form 4: NeueHealth CFO Sells Shares to Cover Tax Obligations

NeueHealth's Chief Financial Officer, Jay Matushak, sold 4,970 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Jay Matushak, the Chief Financial Officer of NeueHealth, Inc., sold 4,970 shares of the company's common stock on January 6, 2025.
• The sale was executed to cover tax withholding obligations arising from the vesting of restricted stock units.
• The shares were sold at a weighted average price of $7.33, with individual transactions ranging from $7.18 to $7.50 per share.
• Following the transaction, Mr. Matushak directly owns 17,747 shares of NeueHealth common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction for an executive to cover tax obligations. It is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency in stock transactions.
• The sale of shares to cover tax obligations is a common practice among executives who receive equity compensation.
• The price range of $7.18 to $7.50 per share is within the normal trading range for the stock at the time of the transaction.

Stakeholder Impact

• The sale of shares by the CFO has a minimal impact on shareholders as it is a routine transaction.

Key Dates

Keywords

Form 4, insider trading, stock sale, tax obligations, restricted stock units, NeueHealth, Jay Matushak, CFO