Form 4: Tile Shop Holdings VP Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mark Burton Davis, VP of Investor Relations & CAO at Tile Shop Holdings, sold shares to cover tax obligations related to vesting restricted stock.
Summary
- Mark Burton Davis, VP of Investor Relations & CAO at Tile Shop Holdings, filed a Form 4.
- The form details the sale of common stock to cover tax obligations related to the vesting of restricted stock.
- On March 6, 2024, 1,109 shares were sold at $6.82 per share.
- On March 7, 2024, 923 shares were sold at $6.73 per share.
- Following these transactions, Davis beneficially owns 116,501 shares of common stock.
- Davis also holds options to buy 5,400 shares of common stock at an exercise price of $8.50, which are fully exercisable.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Sale of 1,109 shares of common stock at $6.82 per share. |
| 03/07/2024 | Sale of 923 shares of common stock at $6.73 per share. |
| 03/08/2024 | Date of Form 4 filing. |
| 11/06/2027 | Expiration date of stock options. |
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