Form 4: SentinelOne Director Daniel Scheinman Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Daniel Scheinman reports the acquisition of 12,314 restricted stock units in SentinelOne, Inc.
Summary
- On June 27, 2024, Daniel Scheinman, a director of SentinelOne, Inc., reported acquiring 12,314 shares of Class A Common Stock in the form of restricted stock units.
- These restricted stock units will vest on the earliest of June 27, 2025, the date of the next annual meeting, Scheinman's death or disability, or a change in control, contingent on continued service to the Issuer.
- Scheinman also indirectly owns 28,150 shares through the Dan and Zoe Scheinman Family Trust.
- An amendment clarifies that a previous filing incorrectly reported a distribution from Granite Hill India Opportunities Fund, L.P. as direct holdings; these holdings are actually held by the Dan and Zoe Scheinman Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a transaction without expressing any positive or negative outlook.
Future Outlook
The vesting of the restricted stock units is contingent upon continued service and other conditions, indicating an ongoing relationship between the director and the company.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2/23/01 | Date of the Dan and Zoe Scheinman Family Trust |
| 12/10/2021 | Date of original Form 4 filing that inadvertently reported the distribution from Granite Hill India Opportunities Fund, L.P. |
| 06/27/2024 | Date of transaction: Acquisition of restricted stock units. |
| 06/27/2025 | Earliest possible vesting date for the restricted stock units. |
| 06/28/2024 | Date of signature on the report. |
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