Form 4: Research Solutions, Inc. Executive Sells Shares to Cover Taxes
SEC Form 4 Filing
Shane Alan Hunt, Chief Revenue Officer of Research Solutions, Inc., sold 713 shares of common stock on June 20, 2024, to cover taxes on vested restricted stock.
Summary
- On June 20, 2024, Shane Alan Hunt, the Chief Revenue Officer of Research Solutions, Inc. (RSSS), disposed of 713 shares of common stock.
- The transaction was executed to cover taxes on vested restricted stock, as approved by the Compensation Committee.
- The sale price was $2.63 per share.
- Following the transaction, Hunt directly owns 386,282 shares of Research Solutions, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of the stock sale transaction. |
| 06/24/2024 | Date of signature on the Form 4 filing. |
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