Form 4: Universal Electronics EVP Sells Shares for Tax Cover

Universal Electronics' EVP of Global Sales, David Chong, sold 559 shares of common stock to cover taxes related to restricted stock unit vesting.

Summary

• David Cheung Hyen Chong, EVP Global Sales at Universal Electronics Inc. (UEIC), reported a transaction on November 14, 2025.
• Chong sold 559 shares of Common Stock at a price of $2.965 per share.
• The sale was a 'sell-to-cover' transaction, solely to cover applicable taxes and fees in connection with the November 7, 2025 vesting of restricted stock units.
• This transaction was not a discretionary sale by the reporting person.
• Following the transaction, Chong directly beneficially owns 37,709 shares of Common Stock.
• Additionally, Chong indirectly owns 5,112 shares of Common Stock held in a tax deferred annuity, for which he disclaims beneficial ownership.
• Chong also holds 53,217 Performance Stock Units, 9,165 Restricted Stock Units, and 19,455 Employee Stock Options.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary 'sell-to-cover' transaction by an executive to satisfy tax obligations upon the vesting of restricted stock units. This type of transaction is neutral in sentiment as it does not reflect a change in the executive's investment outlook or the company's fundamental performance.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in executive confidence or company fundamentals.

Key Dates

Keywords

Universal Electronics, UEIC, Form 4, Insider Transaction, Stock Sale, Executive Compensation, David Chong, Restricted Stock Units, Sell-to-Cover