Form 4: Soho House & Co CEO Andrew Carnie Reports Stock Transactions
SEC Form 4 Filing
CEO Andrew Carnie reports acquisition and disposal of Soho House & Co Inc. Class A Common Stock related to RSU vesting and tax obligations.
Summary
- On July 19, 2024, Andrew Carnie, CEO of Soho House & Co Inc., acquired 401,844 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- Also on July 19, 2024, Carnie disposed of 22,509 shares of Class A Common Stock at a price of $5.7675 per share to cover tax obligations related to the RSU vesting.
- On July 22, 2024, Carnie disposed of an additional 45,561 shares of Class A Common Stock at a price of $5.6097 per share for the same reason.
- Following these transactions, Carnie directly owns 1,013,413 shares of Class A Common Stock.
- Carnie also holds 401,845 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased number of shares in the market, but the impact is likely minimal given the relatively small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 07/19/2021 | Initial grant date of 1,607,378 RSUs that vest in 25% annual increments. |
| 07/19/2024 | Acquisition of 401,844 shares via RSU vesting and sale of 22,509 shares for tax obligations. |
| 07/22/2024 | Sale of 45,561 shares for tax obligations. |
| 07/23/2024 | Date of signature for the SEC Form 4 filing. |
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