Form 4: Talkspace Executive John C. Reilly Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
John C. Reilly, Chief Legal Officer and Secretary of Talkspace, Inc., reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On September 11, 2024, John C. Reilly, the Chief Legal Officer and Secretary of Talkspace, Inc., filed a Form 4 with the SEC.
- The filing reports the disposal of common stock to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
- Reilly disposed of 1,395 shares, 3,701 shares, 4,637 shares, and 2,788 shares at a price of $2 per share.
- Following these transactions, Reilly beneficially owns 893,257 shares of Talkspace, Inc.
- The disposals were executed to cover tax liabilities associated with the vesting of previously reported RSUs.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of stock disposal transactions |
| 09/13/2024 | Date of signature on the Form 4 filing |
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.