Form 4: SentinelOne Chief Legal Officer Sells Shares to Cover Tax Obligations

Keenan Michael Conder, Chief Legal Officer & Secretary of SentinelOne, Inc., sold 10,647 shares of Class A Common Stock on June 6, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On June 6, 2024, Keenan Michael Conder, the Chief Legal Officer & Secretary of SentinelOne, Inc., sold 10,647 shares of Class A Common Stock.
• The sale was executed at a price of $17.3 per share.
• This transaction was mandated by SentinelOne to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units.
• Following the transaction, Conder beneficially owns 450,777 shares of SentinelOne's Class A Common Stock, some of which are subject to forfeiture if vesting conditions are not met.

Sentiment

Score: 5

Explanation: The filing represents a routine transaction to cover tax obligations, which is neither particularly positive nor negative for the company's outlook.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and employees. These transactions are typically pre-planned and disclosed to comply with SEC regulations.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates