Form 4: Nevro Corp Director D. Keith Grossman Reports Changes in Beneficial Ownership

D. Keith Grossman, a director at Nevro Corp, reported transactions involving common stock and performance stock units, resulting in adjustments to his beneficial ownership.

Summary

• D. Keith Grossman, a director of Nevro Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On February 28, 2025, Grossman acquired 4,750 shares of common stock through the vesting of Performance Stock Units (PSUs) at a price of $0.
• Also on February 28, 2025, Grossman disposed of 1,071 shares of common stock to cover tax obligations at a price of $5.72.
• On March 3, 2025, Grossman disposed of 1,017 shares of common stock to cover tax obligations at a price of $5.72.
• Following these transactions, Grossman directly owns 230,193 shares of Nevro Corp common stock, including 24,408 restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to stock vesting and tax obligations. There's no indication of significant positive or negative sentiment.

Positives

• The vesting of Performance Stock Units indicates that certain performance milestones were achieved, which could be viewed positively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of shares outstanding due to the PSU vesting, offset by shares sold for tax obligations.

Key Dates