Form 4: Vicarious Surgical CFO William John Kelly Reports Share and Option Transfers Due to Divorce Decree
SEC Form 4
CFO William John Kelly reported the transfer of shares and stock options to his ex-spouse due to a divorce decree, along with sales to cover tax obligations related to vested restricted stock units.
Summary
- William John Kelly, CFO and Treasurer of Vicarious Surgical Inc., filed a Form 4 detailing changes in beneficial ownership.
- On July 1, 2024, Kelly transferred 1,083 shares of Class A Common Stock and stock options to his ex-spouse as part of a divorce decree.
- On September 3, 2024, Kelly sold 186 shares of Class A Common Stock at a weighted average price of $5.7962 per share to cover tax withholding obligations related to the vesting of restricted stock units granted on June 2, 2021.
- Following these transactions, Kelly directly owns 12,624 shares of Class A Common Stock.
- Kelly also owns stock options for 17,071 shares at an exercise price of $53.9383 and stock options for 1,735 shares at an exercise price of $373.5.
- The reported figures have been adjusted to reflect a 1-for-30 reverse stock split that occurred on June 12, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and personal financial matters. It doesn't provide specific insights into the company's operational performance or strategic direction within the surgical robotics industry.
Related Party Transactions
- The transfer of shares and stock options to the reporting person's ex-spouse pursuant to a divorce decree constitutes a related party transaction.
Stakeholder Impact
- The transactions reported have a minimal direct impact on stakeholders, as they primarily reflect personal financial adjustments by an executive.
Key Dates
| Date | Description |
|---|---|
| 06/02/2021 | Date of grant for restricted stock units related to tax withholding obligations. |
| 12/20/2021 | Initial vesting date for some shares underlying stock options. |
| 01/29/2022 | Initial vesting date for some shares underlying stock options. |
| 06/12/2024 | Date of the 1-for-30 reverse stock split. |
| 07/01/2024 | Date of share and stock option transfer due to divorce decree. |
| 09/03/2024 | Date of sale of shares to cover tax withholding obligations. |
| 09/05/2024 | Date of Form 4 filing. |
| 02/24/2031 | Expiration date for some stock options. |
| 11/22/2031 | Expiration date for some stock options. |
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