Form 4: Procept BioRobotics Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Hisham Shiblaq, EVP and Chief Commercial Officer of Procept BioRobotics, sold 247 shares of common stock on March 18, 2025, to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On March 18, 2025, Hisham Shiblaq, the EVP and Chief Commercial Officer of Procept BioRobotics Corp, sold 247 shares of common stock.
- The shares were sold at a weighted average price of $57.06.
- The transaction was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Shiblaq directly owns 63,133 shares of Procept BioRobotics Corp.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of stock sale transaction |
| 03/19/2025 | Date of signature on the Form 4 filing |
Keywords
PROCEPT BioRobotics, PRCT, Hisham Shiblaq, Form 4, Stock Sale, Executive Compensation, Restricted Stock Units, Tax Withholding
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