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 shares of common stock on February 27 and 28, 2024, to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- Stephen Furlong, the EVP, CFO, and Treasurer of Neuronetics, Inc., reported the sale of common stock on February 27 and 28, 2024.
- The sales were executed to cover tax withholding obligations arising from the vesting of restricted stock units.
- On February 27, 2024, 21,272 shares were sold at a weighted average price of $3.33 per share.
- On February 28, 2024, 3,985 shares were sold at a weighted average price of $3.16 per share.
- Following these transactions, Furlong directly owns 483,776 shares of Neuronetics, Inc.
- The sales were non-discretionary and intended to satisfy tax obligations.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales for tax purposes, which is a common practice.
Industry Context
This is a routine Form 4 filing, reflecting stock sales by a company executive to cover tax obligations. Such transactions are common and don't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Sale of 21,272 shares of common stock at a weighted average price of $3.33. |
| 02/28/2024 | Sale of 3,985 shares of common stock at a weighted average price of $3.16. |
| 02/29/2024 | Date of signature for the Form 4 filing. |
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