Form 4: Silvaco Group CEO Babak A. Taheri Reports Changes in Beneficial Ownership
SEC Form 4
CEO Babak A. Taheri reports transactions involving Silvaco Group, Inc. common stock, including the acquisition of restricted stock units and shares withheld for tax obligations.
Summary
- On April 1, 2025, Babak A. Taheri, CEO of Silvaco Group, Inc., acquired 263,701 Restricted Stock Units (RSUs).
- These RSUs vest over time, starting with one-sixteenth on April 8, 2025, and the remainder vesting quarterly until January 1, 2029.
- On April 1, 2025, 2,975 shares of common stock were withheld by the issuer at $4.63 to cover tax obligations related to RSU vesting.
- An additional 4,426 shares were withheld on April 8, 2025, at $3.77 for the same purpose.
- Following these transactions, Taheri directly owns 787,576 shares of Silvaco Group, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.
Positives
- The grant of RSUs to the CEO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.
- The vesting schedule encourages long-term commitment from the CEO.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's financial performance or future prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and is common for publicly traded companies. It provides transparency into the equity holdings of key executives.
Comparison to Industry Standards
- Equity compensation in the form of RSUs is a standard practice among publicly traded technology companies to incentivize and retain key executives.
- Vesting schedules, such as the one described in the document, are also typical, often spanning several years to align executive interests with long-term shareholder value.
- Comparable companies like Cadence Design Systems and Synopsys also utilize RSUs as part of their executive compensation packages.
Stakeholder Impact
- Shareholders are informed about the CEO's equity stake in the company.
- Employees may be interested in the details of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Vesting commencement date for RSUs |
| 04/01/2025 | Date of RSU grant and tax withholding. |
| 04/08/2025 | Date of initial RSU vesting and tax withholding. |
| 04/10/2025 | Date of Form 4 filing. |
| 07/01/2025 | Start of quarterly vesting for remaining RSUs. |
| 01/01/2029 | Final vesting date for RSUs. |
Keywords
Silvaco Group, Babak A. Taheri, CEO, RSU, Restricted Stock Units, Beneficial Ownership, Form 4, Tax Withholding, Vesting
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