Form 4: Neuronetics Insider Sells Shares for Tax Obligation
Insider Transaction Report
Former Neuronetics officer Keith J. Sullivan sold 46,289 shares of common stock to cover tax withholding obligations from a restricted stock unit award.
Summary
- Keith J. Sullivan, identified as a former Officer and Director of Neuronetics, Inc. (STIM), reported a sale of common stock.
- The transaction involved the disposition of 46,289 shares of common stock.
- The shares were sold on March 19, 2026, at a weighted average price of $1.34 per share, with individual sales ranging from $1.20 to $1.48.
- The sale was non-discretionary and executed solely to satisfy tax withholding obligations upon the vesting of a portion of a performance restricted stock unit award.
- Following this transaction, Mr. Sullivan beneficially owns 1,590,924 shares of Neuronetics common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, typical for insider compensation structures involving restricted stock units and tax obligations, and not indicative of positive or negative company performance.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing, as it pertains solely to a past insider transaction.
Management Comments
- The sales reported were non-discretionary sales to satisfy the Reporting Person's tax withholding obligation upon vesting of a portion of a performance restricted stock unit award.
Industry Context
StockSavvy.ai notes that routine insider sales for tax obligations, such as those related to restricted stock unit vesting, are common across industries and generally do not indicate a change in company fundamentals or broader industry trends.
Stakeholder Impact
- Minimal impact on shareholders, employees, customers, suppliers, or creditors, as this is a routine, non-discretionary transaction for tax purposes and not a strategic or operational announcement.
Key Dates
| Date | Description |
|---|---|
| 03/19/2026 | Date of transaction (sale of common stock by reporting person). |
| 03/24/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Neuronetics, STIM, Form 4, insider transaction, stock sale, tax withholding, restricted stock units, Keith J Sullivan
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