Form 4: Vicarious Surgical CEO Adam Sachs Sells Shares to Cover Tax Obligations
SEC Form 4
CEO Adam Sachs sold shares of Vicarious Surgical Inc. to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On June 3, 2024, Adam Sachs, CEO of Vicarious Surgical Inc., sold 13,896 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 June 2, 2023.
- The shares were sold at a weighted average price of $0.3216, with individual trades ranging from $0.3099 to $0.3399 per share.
- Following the transaction, Sachs directly owns 1,691,822 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the CEO's confidence in the company.
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 of shares could have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Date of grant for restricted stock units that triggered the tax obligation. |
| 06/03/2024 | Date of the stock sale transaction. |
| 06/04/2024 | Date of the Form 4 filing. |
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