Form 4: STAAR Surgical Executive Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Nathaniel Sisitsky, General Counsel of STAAR Surgical, reports exercising stock options and disposing of shares to cover tax obligations on March 12, 2025.
Summary
- On March 12, 2025, Nathaniel Sisitsky, General Counsel of STAAR Surgical Co., exercised restricted stock units (RSUs) that vested.
- A total of 5,827 shares vested from RSUs granted on March 12, 2024.
- These RSUs vest in three tranches: 5,827 shares on March 12, 2025, another 5,827 shares on March 12, 2026, and the final 5,827 shares on March 12, 2027.
- 2,334 shares were withheld by STAAR Surgical to satisfy tax withholding obligations at a price of $18 per share.
- Following these transactions, Sisitsky directly owns 25,428 shares of common stock, including previously granted RSUs subject to future vesting, and 11,654 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock option exercises and tax obligations, with no indication of unusual or concerning activity. It's a neutral event.
Future Outlook
The remaining RSUs will vest in two tranches on March 12, 2026, and March 12, 2027.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of original RSU grant |
| 03/12/2025 | Date of transaction: RSU vesting and share disposal for tax obligations |
| 03/12/2026 | Next RSU vesting date |
| 03/12/2027 | Final RSU vesting date |
| 03/14/2025 | Date of Form 4 filing |
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