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

Roy T. Chen, Chief Talent Officer of Sonendo, Inc., sold 2,625 shares of common stock to cover tax withholding obligations related to vested RSUs.

Summary

• On March 26, 2024, Roy T. Chen, the Chief Talent Officer of Sonendo, Inc., sold 2,625 shares of the company's common stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs) granted to Chen on March 25, 2022.
• The shares were sold at a weighted average price ranging from $0.10 to $0.11, with the specific price reported as $0.1043.
• Following the transaction, Chen directly owns 243,061 shares of Sonendo, Inc.
• The sale was a 'sell to cover' transaction and not a discretionary transaction by Chen.

Sentiment

Score: 6

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

Industry Context

This is a routine transaction for executives to cover tax obligations when RSUs vest. It is common practice and doesn't necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by an executive can have a minor impact on shareholders due to the increased supply of shares in the market, but this is a small amount of shares.

Key Dates

Keywords

Form 4, Sonendo Inc., Roy T. Chen, Stock Sale, Tax Obligations, RSUs, Chief Talent Officer, SONX