OPRX.NASDAQOptimizerx CORP

Form 4: OptimizeRx General Counsel Exercises Stock Options, Disposes of Shares for Tax Obligations

Sentiment:

SEC Form 4

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Marion Odence-Ford, General Counsel and CCO of OptimizeRx Corp, reports exercising stock options and disposing of shares to cover tax obligations.

Summary

  • On November 8, 2024, Marion Odence-Ford, General Counsel and CCO of OptimizeRx Corp, exercised 1,785 restricted stock units, converting them into common stock on a one-for-one basis.
  • Also on November 8, 2024, 524 shares of common stock were disposed of at a price of $6.27 per share to satisfy tax withholding obligations.
  • Following these transactions, Odence-Ford beneficially owns 24,456 shares of OptimizeRx Corp.
  • The filing clarifies that it should not be construed as an admission of beneficial ownership or a legal requirement to file the statement.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions by an officer, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for corporate officers who have stock-based compensation.

Key Dates

DateDescription
November 8, 2021Reporting person was granted 5,355 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
November 8, 2024Restricted stock units converted into common stock.
November 8, 2024Shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
November 11, 2024Date of signature for the Form 4 filing.

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