Form 4: Sonendo CEO Sells Shares to Cover Tax Obligations
SEC Form 4
Bjarne Bergheim, President and CEO of Sonendo, Inc., sold 2,381 shares of common stock to cover tax withholding obligations related to vesting RSUs.
Summary
- On May 3, 2024, Bjarne Bergheim, the President and CEO of Sonendo, Inc., sold 2,381 shares of the company's common stock.
- The shares were sold at a price of $0.091 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs) granted to Mr. Bergheim on November 2, 2021.
- Following the transaction, Mr. Bergheim still beneficially owns 1,931,758 shares of Sonendo common stock.
Sentiment
Score: 6
Explanation: The document reflects a neutral event (selling shares to cover taxes). It's a routine transaction and doesn't necessarily indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when RSUs vest.
Stakeholder Impact
- The sale of shares by the CEO could have a minor, temporary impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 11/02/2021 | Date of RSU grant to Bjarne Bergheim. |
| 05/03/2024 | Date of stock sale by Bjarne Bergheim. |
| 05/06/2024 | Date of signature on the Form 4 filing. |
Keywords
Sonendo, Bjarne Bergheim, stock sale, Form 4, tax obligations, RSUs, SONX, insider trading
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