Form 4: VEEA INC. Executive Janice K. Smith Reports Stock Transactions
SEC Form 4 Filing
Janice K. Smith, COO and Interim CFO of VEEA INC., reports acquisition and disposal of common stock and stock options on September 17, 2024.
Summary
- On September 17, 2024, Janice K. Smith, the COO and Interim CFO of VEEA INC., reported transactions involving the company's common stock and stock options.
- Smith acquired 25,000 shares of common stock at a price of $3.01 per share through the exercise of stock options.
- She also disposed of 6,143 shares of common stock at a price of $12.25 per share to cover tax obligations.
- Following these transactions, Smith directly owns 77,502 shares of VEEA INC. common stock.
- Smith also directly owns 29,345 stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions could have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date exercisable for stock options |
| 09/17/2024 | Date of stock and options transactions |
| 05/18/2032 | Expiration date for stock options |
| 09/25/2024 | Date of Form 4 filing |
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