Form 4: Vicarious Surgical CEO Adam Sachs Sells Shares to Cover Tax Obligations
SEC Form 4
CEO Adam Sachs sold 698 shares of Vicarious Surgical Inc. to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 20, 2024, Adam David Sachs, CEO of Vicarious Surgical Inc., sold 698 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 May 19, 2022.
- The shares were sold at a weighted average price of $6.3217, with individual trades ranging from $6.16 to $6.625 per share.
- Following the transaction, Sachs directly owns 55,596 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative. It's a neutral event from an investment perspective.
Industry Context
This is a routine transaction for executives to cover tax obligations when stock options or restricted stock units vest. It's a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| May 19, 2022 | Date of grant for the restricted stock units related to the tax withholding obligations. |
| August 20, 2024 | Date of the stock sale transaction. |
| August 21, 2024 | Date of signature for the Form 4 filing. |
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