Form 4: SentinelOne CPO & CTO Ric Smith Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ric Smith, CPO & CTO of SentinelOne, Inc., sold 3,135 shares of Class A Common Stock on May 6, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On May 6, 2024, Ric Smith, the CPO & CTO of SentinelOne, Inc., sold 3,135 shares of Class A Common Stock.
- The sale was executed at a price of $21.26 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 690,886 shares of SentinelOne's Class A Common Stock.
- Certain of these shares are subject to forfeiture if underlying vesting conditions are not met.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is for tax obligation purposes.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of the stock sale transaction. |
| 05/08/2024 | Date of signature on the Form 4 filing. |
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