Form 4: Nevro Corp Director Sells Shares to Cover Tax Obligations

D. Keith Grossman, a director at Nevro Corp, sold 928 shares of common stock to cover tax obligations related to restricted stock units.

Summary

• D. Keith Grossman, a director at Nevro Corp, sold 928 shares of common stock on December 3, 2024.
• The sale was executed at a price of $4.26 per share.
• This transaction was to cover tax obligations related to restricted stock units.
• Following the transaction, Grossman beneficially owns 227,531 shares of Nevro Corp common stock, which includes 28,575 restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for corporate insiders to manage their tax liabilities related to equity compensation. It is common for directors and officers to sell shares to cover taxes when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by directors to cover tax obligations are a common practice across publicly traded companies.
• The volume of shares sold is relatively small compared to the total holdings of the director, suggesting this is a routine transaction rather than a significant divestment.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on the stock price, but it is unlikely to be significant given the small volume of shares sold.

Key Dates

Keywords

Nevro Corp, insider trading, Form 4, stock sale, D. Keith Grossman, restricted stock units, tax obligations, director