Form 4: SentinelOne CPO & CTO Ric Smith Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Ric Smith, CPO & CTO of SentinelOne, sold shares of Class A Common Stock to cover tax withholding obligations and pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 6, 2024, Ric Smith, the CPO & CTO of SentinelOne, sold 13,201 shares of Class A Common Stock at a price of $27.25 per share.
• This sale was mandated by the issuer to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units.
• On March 7, 2024, Smith also sold 17,738 shares of Class A Common Stock at a weighted average price of $26.9982.
• These sales were executed under a Rule 10b5-1 trading plan adopted on January 13, 2023.
• Following these transactions, Smith beneficially owns 694,021 shares of Class A Common Stock, some of which are subject to forfeiture if vesting conditions are not met.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales by an executive for tax purposes and under a pre-existing trading plan. It doesn't inherently indicate positive or negative news about the company's performance.

Industry Context

Sales by executives are a normal part of equity compensation and portfolio management. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on inside information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates