Form 4: NeuroMetrix Director Van Avermaete Reports Stock Transactions
SEC Form 4
Director David Van Avermaete reports the vesting and conversion of restricted stock units into common stock of NeuroMetrix, Inc.
Summary
- On April 30, 2024, David Van Avermaete, a director of NeuroMetrix, Inc., reported the vesting of 5,396 restricted stock units (RSUs) which converted into 5,396 shares of common stock at a price of $4.37 per share.
- Following the transaction, Van Avermaete directly owns 7,601 shares of NeuroMetrix common stock.
- The RSUs were granted on August 4, 2023, and vested 100% on April 30, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock transactions, and it doesn't inherently convey positive or negative sentiment. It's a factual report of an insider's stock activity.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency regarding the holdings of company directors. It is standard practice for publicly traded companies to report such transactions to the SEC.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an insider's stock activity, which is a normal part of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 2023-08-04 | Reporting person was granted 43,165 restricted stock units prior to the reverse stock split. |
| 2023-11-21 | Reverse stock split of the Issuer's common stock at a ratio 1-for-8 became effective. |
| 2024-04-30 | Date of transaction: vesting of 5,396 restricted stock units and conversion to common stock. |
| 2024-05-02 | Date of signature by Attorney-in-fact. |
Keywords
NeuroMetrix, Van Avermaete, Director, Stock, Restricted Stock Units, RSU, NURO, Vesting, Common Stock, Beneficial Ownership
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