Form 4: Senseonics CFO Frederick T. Sullivan Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Chief Financial Officer of Senseonics Holdings, Frederick T. Sullivan, disposed of shares to cover withholding tax obligations related to vesting restricted stock units.
Summary
- On June 15, 2024, Frederick T. Sullivan, the Chief Financial Officer of Senseonics Holdings, Inc., disposed of 79,242 shares of common stock to satisfy withholding tax obligations.
- The shares were disposed of at a price of $0.39 per share.
- Following the transaction, Sullivan beneficially owns 2,535,538 shares of Senseonics Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of stock disposal transaction |
| 06/18/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.