Form 4: Nikola Corp CEO Stephen Girsky Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nikola Corp CEO Stephen Girsky sold 4,636 shares of common stock on August 6, 2024, at a price of $7.7456 to cover tax withholding obligations related to the vesting of RSUs.
Summary
- On August 6, 2024, Stephen J Girsky, CEO of Nikola Corp, sold 4,636 shares of Nikola Corp common stock.
- The sale was executed at a price of $7.7456 per share.
- The transaction was to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Girsky directly owns 238,311 shares of Nikola Corp.
- The reported share amounts reflect the one-for-thirty reverse stock split that took effect on June 24, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and has no inherent positive or negative implications for the company's outlook.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a routine part of executive compensation. It does not necessarily reflect a change in the executive's long-term outlook for the company.
Stakeholder Impact
- The sale of shares by the CEO could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 06/24/2024 | One-for-thirty (1-for-30) reverse stock split became effective |
| 08/06/2024 | Date of transaction: Stephen Girsky sold 4,636 shares |
| 08/08/2024 | Date of signature on the Form 4 filing |
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