Form 4: SentinelOne CPO & CTO Ric Smith Sells Shares to Cover Tax Obligations
SEC Form 4
Ric Smith, CPO & CTO of SentinelOne, Inc., sold 24,467 shares of Class A Common Stock on June 6, 2024, at a price of $17.3 per share to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On June 6, 2024, Ric Smith, the CPO & CTO of SentinelOne, Inc., sold 24,467 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, Smith beneficially owns 666,419 shares of Class A Common Stock, some of which are subject to forfeiture if vesting conditions are not met.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of stock to cover tax obligations upon vesting of restricted stock units are a common practice among executives at publicly traded companies.
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
| Date | Description |
|---|---|
| 06/06/2024 | Date of the stock sale transaction. |
| 06/07/2024 | Date of signature on the Form 4 filing. |
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