Form 4: Quantum-Si CFO Sells Shares for Tax Withholding

Quantum-Si Inc. CFO Jeffry R. Keyes sold shares to cover tax obligations related to restricted stock unit vesting.

Summary

• Jeffry R. Keyes, Chief Financial Officer of Quantum-Si Inc. (QSI), reported the sale of company stock on June 22 and June 23, 2026.
• These sales were executed under a mandatory 'sell-to-cover' provision to satisfy federal, state, and local withholding taxes associated with the vesting of restricted stock units.
• The company's CFO cannot alter this provision, which is established at the grant date of the stock awards.
• On June 22, 2026, 4,116 shares were sold at a weighted average price of $0.9574, resulting in 1,728,466 shares beneficially owned.
• On June 23, 2026, an additional 4,117 shares were sold at a weighted average price of $0.899, leaving 1,724,349 shares beneficially owned.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing neutrally as it represents a routine, mandatory transaction for tax purposes rather than a discretionary sale of stock by management.

Negatives

• The CFO sold a portion of his holdings, although this was a mandatory transaction for tax purposes and not indicative of a lack of confidence in the company.

Risks

• The mandatory sell-to-cover provision means that a portion of executive compensation tied to stock vesting is automatically sold, potentially reducing direct ownership without executive discretion.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it solely reports on past transactions.

Management Comments

• "Individual is not able to alter this mandatory sell-to-cover provision that is enacted at the grant date of the related restricted stock unit award."
• "Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer."

Industry Context

StockSavvy.ai notes that insider sales for tax withholding are common, especially with executive compensation structures involving restricted stock units. The key is to differentiate these from discretionary sales which might signal a negative view of the company's prospects.

Stakeholder Impact

• Shareholders: The sale of shares by the CFO is a mandatory transaction for tax purposes and does not inherently signal a negative outlook on the company's performance. The remaining beneficial ownership by the CFO is substantial.

Key Dates

Keywords

Quantum-Si, QSI, Form 4, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units, CFO, Jeffry R. Keyes