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 3,588 shares of common stock to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On March 6, 2025, Hisham Shiblaq, the EVP and Chief Commercial Officer of Procept BioRobotics Corp, sold 3,588 shares of the company's common stock.
- The shares were sold at a weighted average price of $61.31.
- The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Shiblaq directly owns 63,380 shares of Procept BioRobotics Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't 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 and are generally viewed as routine.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder perception, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of the stock sale transaction. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, SEC Filing, Insider Trading, Stock Sale, Procept BioRobotics, PRCT, Hisham Shiblaq, Executive Compensation, Restricted Stock Units, Tax Withholding
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