Form 4: SAIC Executive David C. Ray Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
David C. Ray, EVP at Science Applications International Corp (SAIC), disposed of 178 shares of common stock on April 1, 2025, to cover tax obligations.
Summary
- On April 1, 2025, David C. Ray, an Executive Vice President at Science Applications International Corp (SAIC), reported a transaction involving the disposal of 178 shares of common stock.
- The shares were disposed of at a price of $112.27 per share.
- Following the transaction, Ray directly owns 17,601 shares of SAIC common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of stock disposal transaction |
| 04/02/2025 | Date of signature on the Form 4 filing |
Keywords
SAIC, David C. Ray, Form 4, Stock Disposal, Beneficial Ownership, Securities, Transaction
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