Form 4: Surrozen Executive Vice President, Research, Yang Li, Reports Stock Transactions
SEC Form 4 Filing
Surrozen's Executive Vice President, Research, Yang Li, reports the acquisition of 2,500 shares through vested restricted stock units and the sale of 843 shares to cover withholding taxes.
Summary
- Yang Li, Executive Vice President of Research at Surrozen, Inc., reported transactions involving the company's common stock.
- On January 2, 2025, 2,500 shares were acquired through the settlement of vested restricted stock units (RSUs).
- On January 3, 2025, 843 shares were sold at a price of $17.37 per share.
- The sale of shares was to cover withholding taxes related to the vesting of the RSUs.
- Following these transactions, Yang Li beneficially owns 13,345 shares of Surrozen common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative in itself. It is a standard regulatory filing.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transactions are typical for executives who receive stock-based compensation, such as RSUs, and often sell shares to cover tax obligations.
- The sale of shares to cover taxes is a common practice among executives receiving stock-based compensation, and the price of $17.37 is within the range of typical market fluctuations.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
- The sale of shares by an executive may have a slight negative impact on the share price, but this is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 12/13/2024 | 400 shares purchased at $5.67 per share pursuant to the Issuer's 2021 Employee Stock Purchase Plan. |
| 01/02/2025 | 2,500 shares acquired through settlement of vested RSUs. |
| 01/03/2025 | 843 shares sold at $17.37 per share. |
| 01/06/2025 | Date of signature for the Form 4 filing. |
Keywords
Surrozen, stock transactions, insider trading, Form 4, Yang Li, restricted stock units, RSU, share sale, executive compensation
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