Form 4: Senseonics Holdings COO Mukul Jain Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Senseonics Holdings' Chief Operating Officer, Mukul Jain, disposed of shares to cover withholding tax obligations related to vesting restricted stock units.
Summary
- On June 15, 2024, Mukul Jain, the Chief Operating Officer of Senseonics Holdings, Inc., disposed of 132,448 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, Jain beneficially owns 5,016,938 shares of Senseonics Holdings, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine disposal of shares for tax purposes and doesn't necessarily indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
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 on the Form 4 filing |
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