Form 4: Vicarious Surgical CEO Adam Sachs Sells Shares to Cover Tax Obligations

Vicarious Surgical CEO Adam Sachs sold 817 shares of Class A Common Stock at an average price of $8.9691 to cover tax obligations related to vesting restricted stock units.

Summary

• Adam Sachs, CEO of Vicarious Surgical Inc., sold 817 shares of Class A Common Stock on November 20, 2024.
• The shares were sold at a weighted average price of $8.9691, with individual trades ranging from $8.81 to $9.26 per share.
• The sale was conducted to cover tax withholding obligations associated with the vesting of restricted stock units granted on May 19, 2022.
• Following the transaction, Adam Sachs beneficially owns 54,244 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the industry.
• The sale of 817 shares is a relatively small transaction compared to the total shares owned by the CEO, which is 54,244 shares.
• Similar transactions are regularly reported by executives at other publicly traded companies.

Stakeholder Impact

• The sale of shares by the CEO is unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

Vicarious Surgical, Adam Sachs, stock sale, insider trading, Form 4, restricted stock units, tax obligations, RBOT