Form 4: OptiNose Chief Legal Officer Sells Shares to Cover Tax Obligations

Michael F. Marino III, Chief Legal Officer & Corp Sec of OptiNose, Inc., sold 3,050 shares of common stock on December 17, 2024, to cover tax withholding obligations related to the vesting of restricted share units.

Summary

• On December 17, 2024, Michael F. Marino III, the Chief Legal Officer & Corp Sec of OptiNose, Inc., sold 3,050 shares of common stock.
• The shares were sold at a price of $0.44 per share.
• This transaction was executed to cover tax withholding obligations associated with the vesting of restricted share units.
• The sale was mandated by the issuer's award agreement under its equity incentive plan and is not considered a discretionary trade by the reporting person.
• Following the transaction, Marino directly owns 544,188 shares of OptiNose, Inc. common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates