Form 4: Senseonics Holdings CEO Sells Shares to Cover Tax Obligations

Senseonics Holdings CEO, Timothy T. Goodnow, sold 632,166 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Timothy T. Goodnow, the President and CEO of Senseonics Holdings, Inc., sold 632,166 shares of common stock on November 15, 2024.
• The sale was executed to satisfy withholding tax obligations arising from the vesting of restricted stock units.
• The shares were sold at a price of $0.28 per share.
• Following the transaction, Mr. Goodnow beneficially owns 10,995,355 shares of Senseonics common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• The number of shares sold is not unusual for a CEO with a significant equity stake in the company.
• The price of $0.28 per share is consistent with the current trading price of the stock.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

Senseonics Holdings, SENS, Timothy T. Goodnow, stock sale, insider trading, restricted stock units, tax obligations