Form 4: Vicarious Surgical CEO Adam Sachs Sells Shares to Cover Tax Obligations
SEC Form 4
CEO Adam Sachs sold 396 shares of Vicarious Surgical Inc. to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On September 3, 2024, Adam David Sachs, CEO of Vicarious Surgical Inc., sold 396 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units granted on June 2, 2021.
- The shares were sold at a weighted average price of $5.8769, with individual trades ranging from $5.58 to $6.26 per share.
- Following the transaction, Sachs directly owns 55,200 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction to cover tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders as it is a small percentage of the CEO's holdings and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/02/2021 | Date of grant for the restricted stock units that triggered the tax obligations. |
| 09/03/2024 | Date of the stock sale transaction. |
| 09/04/2024 | Date of the Form 4 filing. |
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