Form 4: Rubicon Technologies CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kevin Michael Schubert, CFO, President, and Secretary of Rubicon Technologies, Inc., sold shares to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units.
Summary
- On May 24, 2024, Kevin Michael Schubert, CFO, President, and Secretary of Rubicon Technologies, Inc., reported a transaction involving Class A Common Stock.
- Schubert sold 13,644 shares at a weighted average price of $0.22 to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
- Following the transaction, Schubert beneficially owns 221,950 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction reflects a standard procedure for managing tax liabilities associated with equity compensation.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of Earliest Transaction |
| 05/24/2024 | Date of transaction and filing of Form 4 |
Keywords
Rubicon Technologies, Kevin Michael Schubert, Form 4, SEC, Share Sale, Tax Withholding, RBT, CFO, Restricted Stock Units, RSUs
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