Form 4: Neuronetics EVP Sells Shares for Tax Obligations

Neuronetics' EVP, CLO, and CS, William Andrew Macan, sold 16,005 shares of common stock to cover tax withholding obligations related to a restricted stock unit award.

Summary

• William Andrew Macan, EVP, CLO, and CS of Neuronetics, Inc. (STIM), sold 16,005 shares of common stock.
• The transaction occurred on March 19, 2026.
• The shares were sold at a weighted average price of $1.34 per share, with individual transaction prices ranging from $1.20 to $1.48.
• The sale was non-discretionary and intended to satisfy tax withholding obligations upon the vesting of a performance restricted stock unit award.
• Following the transaction, Mr. Macan beneficially owns 897,270 shares of Neuronetics common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. Insider sales for tax withholding are routine and do not typically reflect a change in management's outlook on the company's performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales for tax withholding purposes are common and generally not indicative of management's sentiment towards the company's future prospects, as they are often pre-scheduled or mandatory events tied to compensation vesting.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, but it is for tax purposes and not a discretionary sale, so the impact on investor confidence is likely minimal.

Key Dates

Recommendation

The transaction is a routine, non-discretionary sale by an executive to cover tax obligations upon the vesting of restricted stock units. It does not signal a change in the company's fundamentals or management's confidence, thus a 'hold' recommendation is appropriate as this event alone does not warrant a change in investment thesis.

Keywords

Neuronetics, STIM, Form 4, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Compensation