Form 4: PROCEPT BioRobotics CEO Reza Zadno Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Reza Zadno, CEO of PROCEPT BioRobotics, sold 5,475 shares of common stock on March 18, 2025, to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On March 18, 2025, Reza Zadno, the President and CEO of PROCEPT BioRobotics Corp, sold 5,475 shares of common stock.
- The shares were sold at a weighted average price of $57.06.
- The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Zadno directly owns 173,070 shares of PROCEPT BioRobotics Corp.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't reflect a significant change in the executive's holdings or outlook.
Industry Context
This is a routine transaction for covering tax obligations and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of stock sale transaction |
| 03/19/2025 | Date of Form 4 filing |
Keywords
PROCEPT BioRobotics, Reza Zadno, stock sale, Form 4, PRCT, CEO, tax obligations, Restricted Stock Units, insider trading
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