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

A Vicarious Surgical Inc. executive, Sammy Khalifa, sold 653 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Sammy Khalifa, Chief Technology Officer at Vicarious Surgical Inc., sold 653 shares of Class A Common Stock on November 20, 2024.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units granted on May 19, 2022.
• The shares were sold at a weighted average price of $8.9675, with individual trades ranging from $8.825 to $9.220 per share.
• Following the transaction, Mr. Khalifa still beneficially owns 38,032 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the industry.
• The sale of 653 shares is a relatively small transaction compared to the total holdings of 38,032 shares, suggesting it is a routine tax-related sale rather than a significant divestment.
• Other companies in the medical device sector, such as Intuitive Surgical and Stryker, also see similar transactions by their executives.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders as it is a small transaction by an executive to cover tax obligations.

Key Dates

Keywords

Vicarious Surgical Inc., insider trading, stock sale, Form 4, Sammy Khalifa, restricted stock units, tax obligations, Class A Common Stock