Form 4: Vicarious Surgical CEO Adam Sachs Sells Shares to Cover Tax Obligations
SEC Form 4
CEO Adam Sachs sold 24,502 shares of Vicarious Surgical Inc. to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 20, 2024, Adam David Sachs, CEO of Vicarious Surgical Inc., sold 24,502 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 $0.388, with individual trades ranging from $0.3799 to $0.3987 per share.
- Following the transaction, Sachs directly owns 1,705,718 shares of Vicarious Surgical Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes on vested stock). It's neither particularly positive nor negative.
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 the stock price, but it is unlikely to be significant given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| May 19, 2022 | Date of grant for the restricted stock units related to the tax withholding obligations. |
| May 20, 2024 | Date of the stock sale transaction. |
| May 21, 2024 | Date of signature for the Form 4 filing. |
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