Form 4: Quanterix Corp President & CEO Toloue Sells Shares to Cover Tax Obligations
SEC Form 4
Masoud Toloue, President & CEO of Quanterix Corp, disposed of 1,120 shares of common stock on April 15, 2024, to cover tax obligations upon the vesting of restricted stock units.
Summary
- On April 15, 2024, Masoud Toloue, the President & 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 $17.15 per share.
- Following the transaction, Toloue directly owns 341,318 shares of Quanterix Corp, which includes 167,400 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, indicating insider activity related to stock compensation and tax obligations. It's common for executives to sell shares to cover taxes when RSUs vest.
Key Dates
| Date | Description |
|---|---|
| June 8, 2021 | Date of Power of Attorney execution. |
| April 15, 2024 | Date of the transaction (stock disposal). |
| April 17, 2024 | Date of signature for the Form 4 filing. |
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