Form 4: Peraso Inc. COO Brad Lynch Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Brad Lynch, Chief Operating Officer of Peraso Inc., disposed of 168 shares of common stock on June 17, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On June 17, 2024, Brad Lynch, the Chief Operating Officer of Peraso Inc., disposed of 168 shares of common stock.
- The disposal was to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share was $1.51.
- Following the transaction, Lynch directly owns 1,741 shares of Peraso Inc. common stock.
- The RSUs were granted on April 15, 2022, and vest semi-annually.
- The RSUs reflect the impact of a 1-for-40 reverse stock split that occurred on January 2, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares by an officer to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| December 17, 2021 | Date used for semi-annual anniversary of RSU vesting. |
| April 15, 2022 | Date the restricted stock units (RSUs) were granted to Brad Lynch. |
| January 2, 2024 | Date of the 1-for-40 reverse stock split of Peraso Inc.'s common stock. |
| June 17, 2024 | Date of the stock disposal transaction to cover tax obligations related to RSU vesting. |
| June 20, 2024 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Peraso Inc., PRSO, Brad Lynch, Chief Operating Officer, Stock Disposal, Restricted Stock Units, Tax Obligations, Beneficial Ownership
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