Form 4: Procept BioRobotics EVP, CLO, CORP. SEC. Alaleh Nouri Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alaleh Nouri, EVP, CLO, CORP. SEC. of Procept BioRobotics Corp, sold 441 shares of common stock on March 18, 2024, to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On March 18, 2024, Alaleh Nouri, EVP, CLO, CORP. SEC. of Procept BioRobotics Corp, sold 441 shares of common stock.
- The shares were sold at a weighted average price of $48.83 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units granted on March 31, 2022.
- Following the transaction, Alaleh Nouri directly owns 62,472 shares of Procept BioRobotics Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Date of grant for the Restricted Stock Units that triggered the tax obligation. |
| 03/18/2024 | Date of the stock sale transaction. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
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