Form 4: SurgePays CEO Kevin Brian Cox Reports Share Sale to Cover Taxes After RSA Vesting
SEC Form 4 Filing
SurgePays CEO Kevin Brian Cox sold 35,100 shares to cover taxes related to the vesting of restricted stock awards, while also receiving an RSA grant of 83,333 shares.
Summary
- On September 1, 2024, Kevin Brian Cox, CEO and Chairman of the Board of SurgePays, Inc., acquired 83,333 restricted shares.
- These shares are part of an RSA grant set to vest on November 1, 2024.
- On September 3, 2024, Cox sold 35,100 shares of common stock at an average price of $1.4782 per share.
- The sale was executed to cover taxes associated with the vesting of restricted share awards.
- Following these transactions, Cox beneficially owns 5,786,012 shares of SurgePays, Inc.
Sentiment
Score: 6
Explanation: The document is neutral, reporting routine transactions related to executive compensation. The sale of shares to cover taxes is a common practice and doesn't necessarily indicate a negative outlook.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock transactions, common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Kevin Brian Cox acquired 83,333 restricted shares. |
| 09/03/2024 | Kevin Brian Cox sold 35,100 shares of common stock. |
| 11/01/2024 | 83,333 RSAs are set to vest. |
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