4/A: Semler Scientific Director Transfers Shares to Family Trust
SEC Form 4/A Filing
William H. Chang, a director at Semler Scientific, transferred 2,182 shares of common stock to his family trust as part of a director compensation award.
Summary
- William H. Chang, a director at Semler Scientific, received 2,182 shares of common stock as part of his non-employee director compensation.
- These shares were fully vested upon grant on May 10, 2024.
- The director immediately gifted these shares to the W&D Chang Family Trust.
- As a result of this transaction, the director no longer holds these shares directly, but they are now held indirectly through the family trust.
- This filing is an amendment to a previous filing on May 14, 2024, to reflect the transfer of shares to the family trust.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation and does not indicate any significant positive or negative sentiment. It is a standard process.
Positives
- The director compensation policy is being executed as expected.
- The shares were fully vested upon grant, indicating immediate value for the director.
Industry Context
This is a routine transaction related to director compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- Director compensation in the form of stock awards is a standard practice among publicly traded companies.
- The immediate vesting of shares is also a common practice to align director interests with shareholder value.
- The transfer of shares to a family trust is a common estate planning strategy for directors and executives.
Related Party Transactions
- The transfer of shares to the W&D Chang Family Trust is a related party transaction.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a transfer of existing shares and not a new issuance.
- The transaction does not impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the share award and transfer to the family trust. |
| 05/14/2024 | Date of the original filing that this document amends. |
| 01/07/2025 | Date of signature of the attorney-in-fact. |
Keywords
Semler Scientific, director compensation, share transfer, family trust, beneficial ownership, insider transaction, equity securities
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