Form 4: Peraso Inc. Chief Operating Officer Brad Lynch Reports Stock Transaction

Peraso Inc.'s Chief Operating Officer, Brad Lynch, disposed of 168 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• Brad Lynch, the Chief Operating Officer of Peraso Inc., reported a transaction involving the company's common stock.
• On December 17, 2024, Mr. Lynch disposed of 168 shares of common stock.
• This disposal was to satisfy tax obligations related to the vesting of restricted stock units.
• The price per share was $1.10, based on the closing price on the Nasdaq Capital Market on December 17, 2024.
• Following the transaction, Mr. Lynch still directly owns 1,573 shares of Peraso Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider stock transaction, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine disclosure of an insider stock transaction, which is common for publicly traded companies. It does not indicate any specific trend or event in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the Securities and Exchange Commission (SEC).
• The transaction is typical for executives receiving stock-based compensation, where shares are often sold to cover tax liabilities upon vesting.
• The number of shares sold and the price are consistent with the vesting of restricted stock units and the market price of the stock at the time.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Peraso Inc., stock transaction, insider trading, Form 4, restricted stock units, tax obligations, Brad Lynch, Chief Operating Officer