Form 4: Vicarious Surgical Inc. COO Sells Shares to Cover Tax Obligations

John Mazzola, Chief Operating Officer of Vicarious Surgical Inc., sold shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• John Mazzola, the Chief Operating Officer of Vicarious Surgical Inc., filed a Form 4 on June 4, 2024, reporting a transaction that occurred on June 3, 2024.
• Mazzola sold 6,854 shares of Class A Common Stock at a weighted average price of $0.3214 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units granted on June 2, 2023.
• Following the transaction, Mazzola directly owns 305,593 shares of Vicarious Surgical Inc.
• Mazzola has also granted power of attorney to Adam Sachs, William Kelly, Erin Checka, Edwin C. Pease, Jason McCaffrey, Page Hubben, John Reilly, Robyn Frattali and Elizabeth Barber to execute forms and filings on his behalf.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest. These transactions are publicly disclosed to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates