Form 4: Neuronetics Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
William Andrew Macan, EVP, GC, CCO and CS of Neuronetics, Inc., sold 1,541 shares of common stock to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On October 8, 2024, William Andrew Macan, EVP, GC, CCO and CS of Neuronetics, Inc., sold 1,541 shares of Neuronetics' common stock.
- The sale was executed to satisfy 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, Macan directly owns 402,792 shares of Neuronetics' common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't convey particularly positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation and are not necessarily indicative of a negative outlook on the company.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of Power of Attorney execution. |
| 10/08/2024 | Date of stock sale transaction. |
| 10/10/2024 | Date of Form 4 filing. |
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