Form 4: Pineapple Energy CEO Kyle Udseth Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Kyle Udseth disposed of 27,265 shares of Pineapple Energy to cover tax obligations related to vesting restricted stock units.
Summary
- On March 20, 2024, Kyle Udseth, the CEO of Pineapple Energy Inc., disposed of 27,265 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a price of $0.07 per share.
- Following the transaction, Udseth directly owns 399,300 shares of Pineapple Energy Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of a change in the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. This is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: Kyle Udseth disposed of shares. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
Keywords
Pineapple Energy Inc., Kyle Udseth, Form 4, Share Disposal, Tax Obligations, PEGY, CEO
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