Form 4: Neuronetics EVP, CFO and Treasurer Stephen Furlong Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Stephen Furlong, EVP, CFO and Treasurer of Neuronetics, Inc., sold 10,845 shares of common stock on February 12, 2025, to satisfy tax withholding obligations upon vesting of a restricted stock unit award.
Summary
- On February 12, 2025, Stephen Furlong, the EVP, CFO, and Treasurer of Neuronetics, Inc., sold 10,845 shares of the company's common stock.
- The sale was executed to cover the reporting person's tax withholding obligations related to the vesting of a portion of a restricted stock unit award.
- The shares were sold at a weighted average price of $3.83, with individual sales prices ranging from $3.74 to $3.96 per share.
- Following the transaction, Furlong directly owns 471,727 shares of Neuronetics common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it's a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of the stock sale transaction. |
| 02/14/2025 | Date of signature on the Form 4 filing. |
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