Form 4: T Stamp Inc. Executive Andrew Gowasack Reports Stock Transactions
SEC Form 4 Filing
Andrew Gowasack, President of T Stamp Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On May 16, 2024, Andrew Gowasack, President of T Stamp Inc., reported transactions involving Class A Common Stock.
- 55,719 shares were acquired upon the vesting of restricted stock units (RSUs).
- 19,580 shares were withheld by the company to satisfy tax obligations related to the RSU vesting at a price of $0.68.
- Following these transactions, Gowasack directly owns 294,947 shares of Class A Common Stock.
- Gowasack also holds 180,133 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It does not provide any insight into the company's performance or strategy.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 01/24/2022 | Date of Limited Power of Attorney |
| 01/02/2024 | Date exercisable for Restricted Stock Units |
| 05/10/2024 | Expiration date for Restricted Stock Units |
| 05/16/2024 | Date of stock transactions (vesting of RSUs and tax withholding). |
| 05/20/2024 | Date of signature for the Form 4 filing. |
Keywords
Form 4, insider trading, stock transaction, restricted stock units, T Stamp Inc, IDAI, Gowasack, executive compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.