Form 4: Nevro Corp Director D. Keith Grossman Reports Stock Disposal
SEC Form 4
Director D. Keith Grossman disposed of 1,403 shares of Nevro Corp stock on March 3, 2024, to cover tax obligations.
Summary
- On March 3, 2024, D. Keith Grossman, a director of Nevro Corp, disposed of 1,403 shares of common stock.
- The transaction was executed at a price of $14.22 per share.
- Following the transaction, Grossman directly owns 214,461 shares of Nevro Corp, which includes 35,240 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. A director selling shares to cover tax obligations is a common practice and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where shares are disposed of to cover tax obligations related to stock awards or option exercises.
Stakeholder Impact
- The disposal of shares by a director could have a minor, short-term impact on shareholder sentiment, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of transaction: Disposal of 1,403 shares of common stock. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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