Form 4: Quanterix CEO Masoud Toloue Reports Routine Share Transaction for Tax Obligations
Insider Transaction Report
Quanterix Corporation's President and CEO, Masoud Toloue, reported the withholding of 1,242 shares of common stock to cover tax obligations related to the vesting of 3,722 restricted stock units.
Summary
- Masoud Toloue, President & CEO and Director of Quanterix Corp (QTRX), reported a transaction on June 15, 2025.
- The transaction involved the disposition of 1,242 shares of Common Stock at a price of $6.06 per share.
- These shares were withheld by Quanterix Corporation solely to cover tax obligations upon the vesting of 3,722 Restricted Stock Units (RSUs).
- Following this transaction, Mr. Toloue beneficially owns 517,680 shares of Common Stock, which includes 241,779 restricted stock units.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction related to executive compensation (tax withholding upon RSU vesting). This is a neutral event, neither inherently positive nor negative for the company's operational or financial performance.
Positives
- The vesting of 3,722 Restricted Stock Units (RSUs) indicates the achievement of performance milestones or tenure requirements, reflecting continued employment and potential long-term commitment of the CEO.
- The transaction is a standard practice for covering tax liabilities associated with equity compensation, indicating proper financial management of executive compensation.
Negatives
- The disposition of 1,242 shares, even for tax purposes, represents a reduction in the direct beneficial ownership of common stock by the CEO.
Future Outlook
NA
Industry Context
This routine insider transaction, common across publicly traded companies, reflects standard executive compensation practices where equity awards vest and a portion is withheld to cover tax liabilities. It does not indicate any specific industry trends or competitive shifts.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Masoud Toloue granted a Power of Attorney to specific individuals (including company personnel and legal counsel) to execute and file Forms 3, 4, and 5 on his behalf in accordance with Section 16(a) of the Securities Exchange Act of 1934. This ensures timely and compliant reporting of insider transactions. | 06/08/2021 | Enhances efficiency and compliance for insider trading reporting by the CEO. |
Stakeholder Impact
- Shareholders: Minimal direct impact. This is a routine administrative transaction related to executive compensation and does not reflect on the company's operational performance or strategic direction.
- Employees: No direct impact.
- Customers: No direct impact.
- Suppliers: No direct impact.
- Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 06/08/2021 | Date Masoud Toloue executed the Power of Attorney for Section 16 filings. |
| 06/15/2025 | Date of the reported transaction where shares were withheld for tax obligations upon RSU vesting. |
| 06/17/2025 | Date the Form 4 was signed by Brian Keane, as Attorney-in-Fact. |
Keywords
Quanterix Corporation, QTRX, Masoud Toloue, SEC Form 4, Beneficial Ownership, Restricted Stock Units, RSU Vesting, Tax Withholding, Insider Transaction, Equity Compensation
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