Form 4: SAIC Executive David C. Ray Reports Stock Disposals to Cover Tax Obligations

David C. Ray, EVP at Science Applications International Corp (SAIC), reported disposing of shares to cover tax obligations arising from stock awards.

Summary

• On April 1, 2024, David C. Ray, an Executive Vice President at Science Applications International Corp (SAIC), disposed of 242 shares of common stock at a price of $130.39.
• On April 2, 2024, Ray disposed of an additional 434 shares of common stock at a price of $130.31.
• These transactions were reported on a Form 4 filing with the SEC.
• Following these transactions, Ray directly owns 7,463 shares of SAIC common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock disposals by the EVP could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares involved.

Key Dates