Form 4: NeueHealth Executive Sells Shares to Cover Tax Obligations

Jeffrey J. Scherman, Chief Accounting Officer of NeueHealth, sold shares of common stock to cover tax withholding obligations upon the vesting of restricted stock units.

Summary

• On March 7, 2024, Jeffrey J. Scherman, Chief Accounting Officer of NeueHealth, exercised restricted stock units, converting them into 1,280 shares of common stock.
• Simultaneously, Mr. Scherman sold 224 shares of common stock at a weighted average price of $9.88 per share.
• On March 8, 2024, Mr. Scherman sold an additional 145 shares at a weighted average price of $8.42 per share.
• These sales were executed to cover tax withholding obligations related to the vesting of the restricted stock units and were not discretionary transactions.
• Following these transactions, Mr. Scherman directly owns 4,394 shares of NeueHealth common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Key Dates