Form 4: Sonendo Inc. Chief Talent Officer Roy T. Chen Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Roy T. Chen, Chief Talent Officer of Sonendo, Inc., reports selling shares to cover tax withholding obligations related to vested RSUs.
Summary
- On March 15, 2024, Roy T. Chen, the Chief Talent Officer of Sonendo, Inc., sold 5,359 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 $0.0967, with individual transactions ranging from $0.095 to $0.109.
- Following the transaction, Chen directly owns 245,686 shares of Sonendo, Inc.
- The sale was a 'sell to cover' transaction and not a discretionary transaction.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine stock sale for tax purposes.
Industry Context
This is a routine Form 4 filing related to an executive's stock sale to cover tax obligations, a common practice in publicly traded companies.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/14/2023 | Date of RSU grant to Roy T. Chen |
| 03/15/2024 | Date of stock sale by Roy T. Chen |
| 03/18/2024 | Date of signature on the Form 4 filing |
Keywords
Form 4, Sonendo, SONX, Roy T. Chen, Chief Talent Officer, Stock Sale, Tax Withholding, RSUs, Beneficial Ownership
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