Form 4: Privia Health Group EVP Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Mountcastle, EVP & Chief Financial Officer of Privia Health Group, sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- David Mountcastle, the EVP & Chief Financial Officer of Privia Health Group, Inc., sold 3,933 shares of common stock on April 2, 2024.
- The sale was executed at a price of $17.77 per share.
- The transaction was a mandatory, non-discretionary sale to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
- Following the transaction, Mountcastle directly owns 262,279 shares of Privia Health Group, Inc.
- Mountcastle also indirectly owns 8,695 shares through his spouse.
- An earlier filing from April 5, 2023, had an error in the number of shares directly owned, which has been corrected in this filing.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes). It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 2022/12/20 | Date of Form 4/A filing that was used to correct the number of shares of the issuer's common stock directly beneficially owned by the Reporting Person |
| 2023/04/05 | Date of Original Form 4 filing that inadvertently did not give effect to a correction in the number of shares of the issuer's common stock directly beneficially owned by the Reporting Person |
| 2024/04/02 | Date of the share sale transaction. |
| 2024/04/04 | Date of the Form 4 filing. |
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