Form 4: Sera Prognostics CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Austin Aerts, CFO of Sera Prognostics, sold 6,592 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 8, 2024, Austin Aerts, the Chief Financial Officer of Sera Prognostics, sold 6,592 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- The shares were sold at a weighted average price of $9.59, with individual transactions ranging from $9.14 to $10.55.
- Following the transaction, Aerts directly owns 315,896 shares of Sera Prognostics.
- The sale was mandated by the issuer's policy to cover tax obligations through 'sell to cover' transactions.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's share sale for tax purposes. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive share sales are a common occurrence, often related to compensation and tax obligations. The 'sell to cover' mechanism is a standard practice to manage these obligations.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of the share sale transaction. |
| 05/10/2024 | Date of signature by Attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.