Form 4: PlayAGS CEO David Lopez Disposes of Shares to Cover Tax Obligations
SEC Form 4
PlayAGS CEO David Lopez disposed of 13,072 shares of common stock on September 18, 2024, to cover tax liabilities associated with the vesting of restricted shares.
Summary
- On September 18, 2024, David Lopez, the CEO of PlayAGS, Inc., disposed of 13,072 shares of common stock at a price of $11.32 per share.
- This transaction was executed to cover federal and state tax withholding obligations resulting from the settlement of vested restricted shares.
- The shares were relinquished by Lopez and cancelled by PlayAGS in exchange for the company's agreement to pay the tax obligations.
- Following the transaction, Lopez beneficially owns 1,538,081 shares, including 814,230 shares of common stock and 723,851 unvested restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't indicate a change in the executive's confidence in the company.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations related to vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Date of transaction: David Lopez disposed of shares to cover tax obligations. |
| 09/20/2024 | Date of signature on the Form 4 filing. |
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