Form 4: Nevro Corp CEO Kevin Thornal Reports Stock Disposal
SEC Form 4 Filing
Kevin Thornal, President & CEO of Nevro Corp, reports disposing of 6,061 shares of common stock to cover tax obligations related to restricted stock units.
Summary
- On July 24, 2024, Kevin Thornal, the President & CEO of Nevro Corp, disposed of 6,061 shares of common stock.
- The transaction was executed at a price of $9.74 per share.
- Following the transaction, Thornal beneficially owns 255,910 shares of Nevro Corp, including 229,695 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock disposal for tax purposes.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a relatively small number of shares being disposed of by the CEO.
Key Dates
| Date | Description |
|---|---|
| 07/24/2024 | Date of stock disposal transaction |
| 07/26/2024 | Date of signature on the Form 4 filing |
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