Form 4: Procept BioRobotics EVP, CLO, and Corporate Secretary Alaleh Nouri Sells Shares to Cover Tax Obligations

Alaleh Nouri, EVP, CLO, and Corporate Secretary of Procept BioRobotics Corp, sold 3,641 shares of common stock on March 6, 2025, to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On March 6, 2025, Alaleh Nouri, the EVP, CLO, and Corporate Secretary of Procept BioRobotics Corp, sold 3,641 shares of common stock.
• The sale was executed at a weighted average price of $61.31 per share.
• The transaction was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
• Following the transaction, Nouri directly owns 61,789 shares of Procept BioRobotics Corp.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it reflects a common practice of selling shares to cover tax obligations.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. This transaction is not necessarily indicative of the executive's view of the company's future prospects.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.

Key Dates