Form 4: NeueHealth Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Jeffrey J. Scherman, Chief Accounting Officer of NeueHealth, Inc., sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On March 11, 2024, Jeffrey J. Scherman sold 76 shares of NeueHealth common stock at a weighted average price of $8.11.
- On March 12, 2024, he sold 45 shares at a weighted average price of $7.76.
- On March 13, 2024, he sold 99 shares at a weighted average price of $7.30.
- These sales were to cover tax withholding obligations upon the vesting of restricted stock units and were not discretionary transactions.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing relates to routine stock sales to cover tax obligations, which is a common practice. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Insider trading activity is closely monitored and reported to the SEC. Form 4 filings provide transparency into the transactions of company insiders, allowing investors to track potential shifts in ownership and sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Sale of 76 shares of common stock at a weighted average price of $8.11. |
| 03/12/2024 | Sale of 45 shares of common stock at a weighted average price of $7.76. |
| 03/13/2024 | Sale of 99 shares of common stock at a weighted average price of $7.30. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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