Form 4: Vicarious Surgical CEO Adam Sachs Sells Shares to Cover Tax Obligations
SEC Form 4
Vicarious Surgical CEO Adam Sachs sold 4,830 shares of Class A Common Stock on March 20, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 20, 2024, Adam David Sachs, CEO of Vicarious Surgical Inc., sold 4,830 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units granted on November 23, 2021.
- The shares were sold at a weighted average price of $0.3422, with individual trades ranging from $0.3329 to $0.3569 per share.
- Following the transaction, Sachs directly owns 1,730,220 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales of shares by company executives are a normal part of corporate governance. It is important to consider the context of the sale, such as the reason for the sale and the amount of shares sold, in order to determine the potential impact on the company.
Key Dates
| Date | Description |
|---|---|
| 11/23/2021 | Date of grant for the restricted stock units related to the tax withholding obligations. |
| 03/20/2024 | Date of the stock sale transaction. |
| 03/21/2024 | Date of signature for the Form 4 filing. |
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