Form 4: Rekor Systems COO David Desharnais Reports Stock Transaction

David Desharnais, COO of Rekor Systems, reports the withholding of 5,017 shares for tax purposes related to the vesting of Restricted Stock Units.

Summary

• On March 15, 2024, David Desharnais, the President and COO of Rekor Systems, Inc., had 5,017 shares of common stock withheld for tax purposes.
• This was in connection with the vesting of 16,667 Restricted Stock Units (RSUs).
• Following the transaction, Desharnais beneficially owns 340,361 shares of Rekor Systems, Inc.
• This includes 125,000 RSUs vesting on January 17, 2025, and 33,333 RSUs vesting in equal installments on March 15, 2025, and March 15, 2026.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing, reflecting standard insider trading disclosures. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The document outlines the vesting schedule for Desharnais's RSUs, indicating future equity compensation.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates