Form 4: Semler Scientific Director William Chang Reports Acquisition of Shares and Updates Beneficial Ownership

William Chang, a director and 10% owner of Semler Scientific, reported the acquisition of 2,182 shares of common stock and provided an update on their beneficial ownership.

Summary

• On May 10, 2024, William Chang, a director and 10% owner of Semler Scientific, acquired 2,182 shares of common stock at a price of $0.
• These shares were awarded pursuant to the issuer's non-employee director compensation policy and were fully vested upon grant.
• Following the transaction, Mr. Chang directly owns 2,182 shares.
• Mr. Chang also indirectly owns 442,395 shares through the W&D Chang Family Trust, 199,596 shares in three grantor retained annuity trusts, and 241,508 shares through Chang 2020 GP LP.
• Mr. Chang has granted a Power of Attorney to Renae Cormier, Ravi Pokuri, and Douglas Murphy-Chutorian to execute and file forms related to his ownership of Semler Scientific securities.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The acquisition of shares by a director could be interpreted slightly positively.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency regarding the ownership of the company's shares by its directors and officers.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and are required by the SEC to ensure transparency of insider transactions.
• The information disclosed in this filing is consistent with what is typically reported in similar filings by directors and officers of other companies.

Stakeholder Impact

• The disclosure of insider transactions provides transparency to shareholders regarding the actions of company directors.
• The acquisition of shares by a director may signal confidence in the company's prospects, potentially influencing investor sentiment.

Key Dates