Form 4: Neuronetics Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
William Andrew Macan, an executive at Neuronetics, sold shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On February 14, 2025, William Andrew Macan, EVP, GC, CCO and CS of Neuronetics, Inc. sold 18,965 shares of common stock at a weighted average price of $4.11.
- The sales were non-discretionary and intended to satisfy the reporting person's tax withholding obligation upon vesting of a portion of a restricted stock unit award.
- Following the transaction, Macan directly owns 369,682 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.
Industry Context
Executive stock sales are a common occurrence and are often related to tax obligations or portfolio diversification. This transaction appears to be related to tax obligations.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of transaction: Sale of Neuronetics common stock. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
Keywords
Neuronetics, STIM, William Andrew Macan, Form 4, Executive Stock Sale, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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