Form 4: Neuronetics Executive Sells Shares to Cover Tax Obligations

William Andrew Macan, an executive at Neuronetics, sold 1,970 shares of common stock to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On February 10, 2025, William Andrew Macan, EVP, GC, CCO and CS of Neuronetics, Inc., sold 1,970 shares of common stock.
• The sale was executed at a weighted average price of $3.28 per share, with individual transactions ranging from $3.51 to $3.95.
• This transaction was a non-discretionary sale to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Macan directly owns 400,822 shares of Neuronetics common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. This transaction appears to be related to tax obligations and may not necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact given the reason for the sale.

Key Dates

Keywords

Neuronetics, STIM, William Andrew Macan, Form 4, Executive Stock Sale, Tax Obligations, Restricted Stock Units, Beneficial Ownership