Form 4: Neuronetics CEO Keith J. Sullivan Sells Shares to Cover Tax Obligations

Neuronetics CEO Keith J. Sullivan sold 40,992 shares of common stock on February 10, 2025, to satisfy tax withholding obligations related to vesting of restricted stock units.

Summary

• On February 10, 2025, Keith J. Sullivan, the President and CEO of Neuronetics, Inc., sold 40,992 shares of the company's common stock.
• The sale was executed to cover tax withholding obligations arising from the vesting of a portion of a restricted stock unit award.
• The shares were sold at a weighted average price of $3.28, with individual transactions ranging from $3.51 to $3.95 per share.
• Following the transaction, Sullivan directly owns 1,283,362 shares of Neuronetics common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, not indicative of a major positive or negative event.

Industry Context

This is a routine transaction for executives to cover tax obligations when stock options or restricted stock units vest. It doesn't necessarily indicate a change in the executive's confidence in the company.

Key Dates

Keywords

Neuronetics, Keith J. Sullivan, STIM, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, Beneficial Ownership