Form 4: Vicarious Surgical CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
William John Kelly, CFO and Treasurer of Vicarious Surgical Inc., sold 1,290 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 20, 2024, William John Kelly, the CFO and Treasurer of Vicarious Surgical Inc., sold 1,290 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 November 23, 2021.
- The shares were sold at a weighted average price of $0.339, with individual trades ranging from $0.321 to $0.3511 per share.
- Following the transaction, Kelly directly owns 517,841 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't contain any information that would significantly shift sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily reflect a change in their confidence in the company's future prospects.
Stakeholder Impact
- The sale of shares could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/23/2021 | Date of grant for the restricted stock units that triggered the tax obligation. |
| 03/20/2024 | Date of the stock sale transaction. |
| 03/21/2024 | Date of the Form 4 filing. |
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