Form 4: Nevro Corp Executive Kashif Rashid Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Kashif Rashid, SVP at Nevro Corp, disposed of 1,759 shares of common stock on September 7, 2024, to satisfy tax withholding obligations related to restricted stock units.
Summary
- On September 7, 2024, Kashif Rashid, SVP, Corp Dev and CLO of Nevro Corp, disposed of 1,759 shares of common stock.
- The transaction was executed to cover tax obligations arising from restricted stock units.
- The shares were disposed of at a price of $5.18 per share.
- Following the transaction, Rashid directly owns 161,831 shares of Nevro Corp, which includes 113,256 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing represents a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock; this filing indicates a routine transaction to cover tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 09/07/2024 | Date of stock disposal transaction. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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