Form 4: Vicarious Surgical CEO Sells Shares to Cover Tax Obligations
SEC Form 4
CEO Adam David Sachs sold 100 shares of Vicarious Surgical Inc. to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On July 18, 2024, Adam David Sachs, CEO of Vicarious Surgical Inc., sold 100 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 November 23, 2021.
- The shares were sold at a weighted average price ranging from $7.78 to $8.21 per share, with an average price of $7.959.
- Following the transaction, Sachs directly owns 56,294 shares of Class A Common Stock.
- All share numbers have been adjusted to reflect the 1-for-30 reverse stock split that took place on June 13, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't contain information that would significantly shift sentiment positively or negatively.
Industry Context
Sales to cover tax obligations are a routine part of equity compensation and are not necessarily indicative of the executive's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| November 23, 2021 | Date of grant for restricted stock units. |
| June 13, 2024 | Effective date of the 1-for-30 reverse stock split. |
| July 18, 2024 | Date of stock sale by CEO Adam David Sachs. |
| July 22, 2024 | Date of signature on the Form 4 filing. |
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