Form 4: NeueHealth Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey J. Scherman, Chief Accounting Officer of NeueHealth, sold 568 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 18, 2024, Jeffrey J. Scherman, the Chief Accounting Officer of NeueHealth, Inc., sold 568 shares of the company's common stock.
- The sale was executed at a weighted average price of $7.27 per share, with individual transactions ranging from $7.16 to $7.39.
- The purpose of the sale was to cover tax withholding obligations arising from the vesting of restricted stock units.
- Following the transaction, Scherman directly owns 3,440 shares of NeueHealth common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) by a company executive, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of the stock sale transaction. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
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