Form 4: Quanterix Corp CEO Masoud Toloue Disposes of Shares to Cover Tax Obligations
SEC Form 4
Quanterix Corp CEO Masoud Toloue disposed of 1,120 shares of common stock on March 15, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On March 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 disposed of at a price of $26.55 per share.
- Following the transaction, Toloue directly owns 343,558 shares, which includes 171,885 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine transaction to cover tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of insider transactions. This filing indicates that the CEO disposed of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 8, 2021 | Date of Power of Attorney execution. |
| March 15, 2024 | Date of stock disposal transaction. |
| March 19, 2024 | Date of signature for the Form 4 filing. |
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