Form 4: Nevro Corp Director Sridhar Kosaraju Reports Acquisition and Disposal of Common Stock

Director Sridhar Kosaraju reports acquiring 19,169 shares of Nevro Corp common stock and disposing of shares, also holding 37,655 shares including 19,988 RSUs.

Summary

• On May 23, 2024, Sridhar Kosaraju, a director of Nevro Corp, reported acquiring 19,169 shares of common stock.
• The acquisition was related to restricted stock units (RSUs) where each RSU entitles the holder to one share of common stock upon vesting.
• Kosaraju also disposed of shares on the same date.
• Following these transactions, Kosaraju beneficially owns 37,655 shares of Nevro Corp, which includes 19,988 RSUs.
• The RSUs will vest on the earlier of May 23, 2025, or the next Annual Meeting following May 23, 2024, contingent upon continued service to the Issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating neutral sentiment. It reflects routine transactions by a company insider.

Positives

• The acquisition of shares through RSUs aligns the director's interests with the company's performance.

Future Outlook

The vesting of RSUs is contingent upon the Reporting Person's continued service to the Issuer.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates