Form 4: Sonendo Inc. Executive Roy T. Chen Sells Shares to Cover Tax Obligations

Roy T. Chen, Chief Talent Officer of Sonendo, Inc., sold 774 shares of common stock on May 3, 2024, to cover tax withholding obligations related to vested RSUs.

Summary

• On May 3, 2024, Roy T. Chen, the Chief Talent Officer of Sonendo, Inc., sold 774 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 Chen on November 2, 2021.
• Following the transaction, Chen still beneficially owns 242,287 shares of Sonendo, Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax obligations. The sale is unlikely to have a significant impact on the company's overall performance or stock valuation.

Stakeholder Impact

• The sale of shares by an executive could have a minor psychological impact on shareholders, but the small number of shares sold suggests it is unlikely to be significant.

Key Dates

Keywords

Form 4, Sonendo Inc., Roy T. Chen, Stock Sale, RSUs, Tax Withholding, Beneficial Ownership, SONX