Form 4: Soho House & Co CEO Andrew Carnie Sells Shares to Cover Tax Obligations

Andrew Carnie, CEO of Soho House & Co Inc., sold shares of Class A Common Stock on July 25 and 26, 2024, to cover tax obligations arising from the vesting of restricted stock units.

Summary

• Andrew Carnie, the CEO of Soho House & Co Inc., reported the sale of Class A Common Stock.
• The sales occurred on July 25 and 26, 2024.
• A total of 38,532 shares were sold on July 25 at a price of $5.1983 per share.
• On July 26, 22,510 shares were sold at a price of $5.0833 per share.
• These sales were executed automatically to satisfy tax obligations related to the vesting of previously granted restricted stock units (RSUs).
• The RSUs vested on July 19, 2024, and were previously reported on a Form 4 filed on July 23, 2024.
• The sales to cover tax obligations are executed over multiple days and involved no discretion by the reporting person.
• Following these transactions, Andrew Carnie directly owns 895,437 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reports routine stock sales to cover tax obligations, which is a neutral event.

Industry Context

Sales of shares to cover tax obligations after RSU vesting are a common practice among executives of publicly traded companies.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, although it is a common practice for covering tax obligations.

Key Dates