Form 4: Quanterix Corp CEO Toloue Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Quanterix Corp CEO Masoud Toloue disposed of 1,049 shares of common stock on April 30, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On April 30, 2024, Masoud Toloue, the President and CEO of Quanterix Corp, disposed of 1,049 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of 2,169 restricted stock units (RSUs).
- The shares were sold at a price of $16.12 per share.
- Following the transaction, Toloue directly owns 340,269 shares, including 165,231 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small percentage of the CEO's holdings and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 8 2021 | Date of Power of Attorney execution. |
| 04/30/2024 | Date of transaction: Sale of 1,049 shares to cover tax obligations. |
| 05/01/2024 | Date of signature on the Form 4 filing. |
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