Form 4: Neuronetics Executive VP Sells Shares to Cover Tax Obligations

William Andrew Macan, EVP, GC, CCO and CS of Neuronetics, Inc., sold 377 shares of common stock to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On March 4, 2025, William Andrew Macan, an Executive Vice President at Neuronetics, Inc., sold 377 shares of the company's 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 $4.48, with individual transactions ranging from $4.72 to $4.32 per share.
• Following the transaction, Macan directly owns 526,805 shares of Neuronetics common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. Executives often sell shares to cover tax obligations related to equity compensation.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to be significant.

Key Dates