Form 4: Qualys CFO Joo Mi Kim Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Joo Mi Kim, CFO of Qualys, Inc., disposed of 3,052 shares of common stock on November 1, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On November 1, 2024, Joo Mi Kim, the Chief Financial Officer of Qualys, Inc., disposed of 3,052 shares of common stock.
- The transaction was executed to cover the reporting person's tax liability in connection with the vesting of restricted stock units.
- The shares were disposed of at a price of $120.34 per share.
- Following the transaction, Kim directly owns 116,464 shares of Qualys common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard practice of executives selling shares to cover tax obligations related to vested stock.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine event related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of stock disposal transaction |
| 11/04/2024 | Date of Form 4 filing |
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