Form 4: Sonendo CEO Bjarne Bergheim Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sonendo's CEO, Bjarne Bergheim, sold shares to cover tax withholding obligations related to the vesting of RSUs.
Summary
- On March 26, 2024, Bjarne Bergheim, the President and CEO of Sonendo, Inc. sold 11,493 shares of common stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs) granted on March 25, 2022.
- The shares were sold at a weighted average price ranging from $0.10 to $0.11.
- Following the transaction, Bergheim directly owns 1,934,139 shares of Sonendo common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The impact on the stock price depends on the size of the sale relative to the executive's holdings and overall trading volume.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders if it affects the stock price, although sell-to-cover transactions are usually anticipated.
Key Dates
| Date | Description |
|---|---|
| 03/25/2022 | Date of RSU grant to Bjarne Bergheim. |
| 03/26/2024 | Date of stock sale by Bjarne Bergheim. |
| 03/27/2024 | Date of Form 4 filing. |
Keywords
Form 4, Sonendo, SONX, Bjarne Bergheim, Stock Sale, RSUs, Tax Withholding
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