Form 4: Sonendo Interim CFO Chris Guo Sells Shares to Cover Tax Obligations

Chris Guo, Interim CFO of Sonendo, Inc. (SONX), sold 492 shares of common stock on May 6, 2024, to cover tax withholding obligations related to the vesting of RSUs.

Summary

• On May 6, 2024, Chris Guo, the Interim CFO of Sonendo, Inc., sold 492 shares of the company's common stock.
• The shares were sold at a price of $0.096 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs) granted to Mr. Guo on May 3, 2022.
• Following the transaction, Mr. Guo still beneficially owns 51,014 shares of Sonendo's common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a routine practice among corporate executives and do not necessarily reflect a change in their confidence in the company's prospects.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates

Keywords

Form 4, Sonendo, SONX, Chris Guo, Interim CFO, Stock Sale, RSU Vesting, Tax Obligations, Beneficial Ownership