Form 4: Sonendo CFO Michael Watts Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Watts, CFO of Sonendo, Inc., sold shares of common stock on March 15, 2024, to cover tax withholding obligations related to the vesting of RSUs.
Summary
- On March 15, 2024, Michael Watts, the Chief Financial Officer of Sonendo, Inc., sold 10,670 shares of common stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs) granted to Mr. Watts on March 14, 2023.
- The shares were sold at a weighted average price of $0.0967, with individual transactions ranging from $0.095 to $0.109.
- Following the transaction, Mr. Watts beneficially owns 528,746 shares of Sonendo common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes on vested RSUs) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives. This transaction is a routine part of executive compensation and does not necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/14/2023 | Date of RSU grant to Michael Watts |
| 03/15/2024 | Date of stock sale by Michael Watts |
| 03/18/2024 | Date of signature on the Form 4 filing |
Keywords
Form 4, Sonendo, SONX, Michael Watts, CFO, Stock Sale, RSUs, Tax Withholding
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