Form 4: Vicarious Surgical Inc. Director Acquires Shares in Lieu of Cash Retainer Fees

David Ho, a director at Vicarious Surgical Inc., acquired 45,998 shares of Class A Common Stock on March 31, 2024, in lieu of cash retainer fees.

Summary

• David Ho, a director of Vicarious Surgical Inc., acquired 45,998 shares of Class A Common Stock on March 31, 2024.
• The acquisition was made in lieu of $13,869.09 of cash retainer fees earned during the first quarter of 2024, as per the Issuer's Amended and Restated Non-Employee Director Compensation Policy.
• The restricted stock units (RSUs) were fully vested on the grant date.
• Following the transaction, David Ho directly owns 274,700 shares of Class A Common Stock.
• A Power of Attorney was executed on February 5, 2024, appointing individuals from Vicarious Surgical Inc. and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. to handle SEC filings on behalf of David Ho.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking stock in lieu of cash is generally a good sign, indicating confidence in the company's future.

Positives

• Director David Ho's acquisition of shares demonstrates confidence in the company.
• The use of RSUs in lieu of cash retainer fees conserves company cash.

Industry Context

Directors receiving stock in lieu of cash compensation is a common practice, especially for growth companies, to conserve cash and align director interests with shareholder value.

Comparison to Industry Standards

• Many companies, such as Tesla and SpaceX, compensate directors with stock options or RSUs to align their interests with long-term shareholder value.
• The amount of stock compensation varies widely based on company size, industry, and individual director roles.
• Compared to other medical device companies, Vicarious Surgical's director compensation structure appears fairly standard.

Stakeholder Impact

• Shareholders may view the director's stock acquisition positively.
• The company conserves cash by issuing stock instead of paying cash retainer fees.

Key Dates