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

Neuronetics CEO Keith J. Sullivan sold shares of common stock on February 18th and 19th, 2025, to satisfy tax withholding obligations related to the vesting of restricted stock units.

Summary

• Keith J. Sullivan, the President and CEO of Neuronetics, Inc., reported the sale of company stock on February 18th and 19th, 2025.
• The sales were executed to cover tax withholding obligations arising from the vesting of restricted stock units.
• On February 18th, 2025, 25,934 shares were sold at a weighted average price of $4.41 per share.
• On February 19th, 2025, 24,440 shares were sold at a weighted average price of $4.70 per share.
• Following these transactions, Sullivan directly owns 1,232,988 shares of Neuronetics common stock.
• Sullivan has granted power of attorney to Patrick Devine, Nusrat Samjani, Stephen Furlong, W. Andrew Macan, Francis Brown, Brian Short, and Kelly Duffner to handle SEC filings related to company stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales to cover tax obligations, a routine financial activity.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The market typically assesses these sales in the context of the executive's overall holdings and the company's performance.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.
• The sales do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Neuronetics, Keith J. Sullivan, stock sale, Form 4, SEC filing, restricted stock units, tax withholding, insider trading