Form 4: Peraso Inc. CFO James Sullivan Sells Shares to Cover Tax Obligations

Peraso Inc.'s Chief Financial Officer, James Sullivan, sold 149 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• James Sullivan, the Chief Financial Officer of Peraso Inc., sold 149 shares of the company's common stock on December 17, 2024.
• The sale was executed to satisfy tax obligations arising from the vesting of restricted stock units.
• The shares were sold at a price of $1.10 per share, which was the closing price of Peraso's common stock on the Nasdaq Capital Market on December 17, 2024.
• Following the transaction, Mr. Sullivan directly owns 1,893 shares of Peraso Inc.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment towards the company's prospects.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• This type of transaction is standard practice across publicly traded companies, where executives often receive stock-based compensation.
• Similar transactions are regularly reported by executives at comparable technology companies, such as those in the semiconductor or communications sectors.
• The sale of shares to cover tax obligations is a common occurrence and does not necessarily indicate a change in the executive's outlook on the company's future.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale of shares by an executive for tax purposes.

Key Dates

Keywords

Peraso Inc., James Sullivan, CFO, stock sale, tax obligations, restricted stock units, insider trading, Form 4