Form 4: Neuronetics EVP, CFO and Treasurer Stephen Furlong Sells Shares to Cover Tax Obligations

Stephen Furlong, EVP, CFO, and Treasurer of Neuronetics, Inc., sold 1,368 shares of common stock on October 8, 2024, to satisfy tax withholding obligations upon vesting of a restricted stock unit award.

Summary

• On October 8, 2024, Stephen Furlong, the EVP, CFO, and Treasurer of Neuronetics, Inc., sold 1,368 shares of the company's common stock.
• The sale was executed to cover 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 $0.82, with individual transactions ranging from $0.78 to $0.83 per share.
• Following the transaction, Furlong directly owns 497,408 shares of Neuronetics common stock.
• Furlong has granted power of attorney to Patrick Devine, Nusrat Samjani, W. Andrew Macan, Francis Brown, Brian Short, and Kelly Duffner to handle SEC filings related to company stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale for tax purposes. It doesn't convey any strong positive or negative sentiment about the company's prospects.

Industry Context

Sales of stock to cover tax obligations are a routine part of executive compensation, particularly when dealing with vesting of stock options or restricted stock units. It is a common practice and doesn't necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates