Form 4: Sonendo CEO Sells Shares to Cover Tax Obligations

Bjarne Bergheim, President and CEO of Sonendo, Inc., sold 43,240 shares of common stock to cover tax withholding obligations related to vesting RSUs.

Summary

• On June 21, 2024, Bjarne Bergheim, the President and CEO of Sonendo, Inc., sold 43,240 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 14, 2023.
• The shares were sold at a weighted average price of $0.0866, with individual transactions ranging from $0.084 to $0.090.
• Following the transaction, Bergheim directly owns 1,888,518 shares of Sonendo common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't contain information that would significantly sway investor sentiment positively or negatively.

Management Comments

• The sale was made through a 'sell to cover' transaction and does not represent a discretionary transaction by the Reporting Person.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The impact on the stock price is usually minimal unless the sale is substantial or indicative of a broader trend.

Key Dates

Keywords

Form 4, Sonendo, Bjarne Bergheim, Executive Stock Sale, Tax Withholding, RSUs, SONX