Form 4: PROCEPT BioRobotics Corp: R Kent McGaughy Jr. Reports Share Distribution

R Kent McGaughy Jr., a director and 10% owner of PROCEPT BioRobotics Corp, reports a pro rata distribution of shares from White Tailed Ptarmigan, LP, resulting in changes in beneficial ownership.

Summary

• On May 3, 2024, White Tailed Ptarmigan, LP distributed shares of PROCEPT BioRobotics Corp on a pro rata basis, without consideration.
• R Kent McGaughy Jr., a director and 10% owner, reported these transactions.
• The distribution included 421,061 shares exempt from Section 16 under Rule 16a-13.
• McGaughy's direct holdings increased, while indirect holdings through White Tailed Ptarmigan, LP decreased.
• After the reported transactions, McGaughy directly owns 4,523 shares and indirectly owns shares through Kestrel Fund, L.P. (54,037), Mallard Fund, L.P. (344,627), Lagos Trust (553,592) and White Tailed Ptarmigan, LP (2,823,681).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a share distribution. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for individuals holding significant positions in publicly traded companies. It doesn't necessarily reflect a strategic shift but rather an operational adjustment within investment partnerships.

Stakeholder Impact

• The pro rata distribution of shares may have a minor impact on shareholders due to the change in ownership structure, but it is unlikely to be significant.

Key Dates