Form 4: Privia Health Group EVP David Mountcastle Sells Shares to Cover Tax Obligations

David Mountcastle, EVP & Chief Financial Officer of Privia Health Group, sold 2,320 shares of common stock on April 30, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 30, 2024, David Mountcastle, the EVP & Chief Financial Officer of Privia Health Group, Inc. (PRVA), sold 2,320 shares of common stock.
• The sale was executed at a price of $18.42 per share.
• This transaction was a mandatory, non-discretionary sale to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
• Following the transaction, Mountcastle directly owns 259,959 shares and indirectly owns 8,695 shares through his spouse.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

This is a routine transaction for executives who receive stock as part of their compensation. It is common for them to sell a portion of their shares to cover the taxes associated with the vesting of restricted stock units.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's overall performance.

Key Dates