Form 4: Peraso Inc. CEO Ronald Glibbery Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
CEO Ronald Glibbery disposed of 446 shares of Peraso Inc. stock on June 17, 2024, to cover tax obligations related to the vesting of restricted stock units.
Summary
- On June 17, 2024, Ronald Glibbery, CEO of Peraso Inc., disposed of 446 shares of common stock to satisfy tax obligations.
- The shares were withheld in connection with the settlement of restricted stock units (RSUs) that vested on the same date.
- The transaction occurred at a price of $1.51 per share.
- Following the transaction, Glibbery directly owns 3,929 shares and indirectly owns 826 shares through family members.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/17/2021 | Date used for semi-annual anniversary of RSU vesting. |
| 04/15/2022 | Date the restricted stock units (RSUs) were granted to Ronald Glibbery. |
| 01/02/2024 | Date of the 1-for-40 reverse stock split of Peraso Inc.'s common stock. |
| 06/17/2024 | Date of the stock disposal and RSU vesting. |
| 06/20/2024 | Date of the Form 4 filing. |
Keywords
Form 4, Peraso Inc., Ronald Glibbery, Stock Disposal, RSUs, Tax Obligations, Beneficial Ownership
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