Form 4: Sportsman's Warehouse CFO Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey White, CFO of Sportsman's Warehouse Holdings, Inc., reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 15, 2024, Jeffrey White, the CFO and Secretary of Sportsman's Warehouse Holdings, Inc., disposed of 3,346 shares of common stock at a price of $3.16 per share to cover tax obligations.
- On March 16, 2024, White disposed of an additional 319 shares at $3.16 per share for the same reason.
- Following these transactions, White beneficially owns 112,252.2 shares of common stock, which includes restricted stock units scheduled to vest at various dates in the future.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a routine activity.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The disposal of shares by the CFO may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Transaction date: Disposal of 3,346 shares of common stock. |
| 03/16/2024 | Transaction date: Disposal of 319 shares of common stock. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
| 09/23/2024 | Vesting date for 25,000 restricted stock units. |
| 03/15/2025 | Vesting date for 6,643 restricted stock units. |
| 04/10/2024 | First vesting installment date for 35,714 restricted stock units. |
| 04/10/2025 | Second vesting installment date for 35,714 restricted stock units. |
| 04/10/2026 | Third vesting installment date for 35,714 restricted stock units. |
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