Form 4: OptimizeRx Director Patrick D. Spangler Reports Stock Transactions
SEC Form 4
Director Patrick D. Spangler reports acquisition and disposal of OptimizeRx Corp stock, including the vesting of restricted stock units.
Summary
- On June 5, 2024, Patrick D. Spangler, a director of OptimizeRx Corp, reported the conversion of 10,061 restricted stock units into common stock.
- Also on June 5, 2024, Spangler disposed of 32,181 shares of common stock.
- On June 7, 2024, Spangler acquired 13,286 restricted stock units.
- Following these transactions, Spangler beneficially owns 45,467 shares of OptimizeRx common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Future Outlook
The restricted stock units acquired on June 7, 2024, will vest in full on the earlier of the first anniversary of the date of grant or the date of the Company's next annual meeting of shareholders.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the director's view of the company's stock value.
- The filing ensures transparency and compliance with securities regulations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2023 | Reporting person was granted 10,061 restricted stock units which vested in full on June 5, 2024. |
| 06/05/2024 | Restricted stock units convert into common stock on a one-for-one basis. |
| 06/05/2024 | Director Spangler converted 10,061 restricted stock units into common stock. |
| 06/05/2024 | Director Spangler disposed of 32,181 shares of common stock. |
| 06/07/2024 | Director Spangler acquired 13,286 restricted stock units. |
| 06/11/2024 | Date of signature for the Form 4 filing. |
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