Form 4: Research Solutions CEO Sells Shares to Cover Taxes on Vested Stock
SEC Form 4 Filing
Research Solutions CEO, Olivier Roy W, sold shares to cover taxes on vested restricted stock, as approved by the Compensation Committee.
Summary
- On March 20, 2024, Olivier Roy W, CEO and President of Research Solutions, Inc. (RSSS), disposed of 32,265 shares of common stock.
- The transaction was executed to cover taxes on vested restricted stock, with the shares sold back to the registrant at a price of $2.85 per share.
- Following the transaction, Olivier Roy W. directly owns 663,761 shares of Research Solutions, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction to cover tax obligations.
Management Comments
- The reporting person sold these shares to the registrant to cover taxes on vested restricted stock, as approved by the Compensation Committee of the Registrant's Board of Directors.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a sale of shares by the CEO to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of the transaction where shares were disposed of. |
| 03/21/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.