Form 4: Quanterix Corp CEO Masoud Toloue Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Masoud Toloue, President and CEO of Quanterix Corp, disposed of 1,120 shares of common stock on June 15, 2024, to cover tax obligations upon the vesting of restricted stock units.
Summary
- On June 15, 2024, Masoud Toloue, the President and CEO of Quanterix Corp, disposed of 1,120 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of 2,316 restricted stock units (RSUs).
- The shares were sold at a price of $13.32 per share.
- Following the transaction, Toloue directly owns 336,975 shares, which includes 158,420 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations, with no indication of positive or negative implications for the company's performance.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. It is common for executives to sell shares to cover tax obligations related to vesting equity awards.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2021-06-08 | Date of Power of Attorney execution, granting authority to John Fry, Brian Keane, Megan Gates, John Condon, Keunjung Cho, Amanda Mei, Anne Leland and Brenda Meyette to act on behalf of Masoud Toloue for SEC filings. |
| 2024-06-15 | Date of the transaction where 1,120 shares of Quanterix Corp common stock were disposed of to cover tax obligations. |
| 2024-06-17 | Date of signature for the Form 4 filing by Brian Keane, as Attorney-in-Fact. |
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