Form 4: PROCEPT BioRobotics CEO Reza Zadno Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Reza Zadno sold 5,391 shares of PROCEPT BioRobotics Corp to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On March 18, 2024, Reza Zadno, the President and CEO of PROCEPT BioRobotics Corp, sold 5,391 shares of common stock.
- The sale was executed at a weighted average price of $48.83 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units granted on March 31, 2022.
- Following the transaction, Zadno directly owns 241,319 shares of PROCEPT BioRobotics Corp.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine stock sale for tax purposes.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small percentage of the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Date of grant for the Restricted Stock Units related to the tax obligations. |
| 03/18/2024 | Date of the stock sale transaction. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
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