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

Sammy Khalifa, Chief Technology Officer and a 10% owner of Vicarious Surgical Inc., sold shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Sammy Khalifa, a director, 10% owner, and Chief Technology Officer of Vicarious Surgical Inc., filed a Form 4 indicating a sale of 8,273 shares of Class A Common Stock on March 4, 2024.
• The shares were sold at a weighted average price of $0.371 per share, with individual trades ranging from $0.357 to $0.381.
• The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units granted on June 2, 2023.
• Following the transaction, Khalifa still beneficially owns 1,219,840 shares of Vicarious Surgical Inc.
• A Power of Attorney was executed on February 1, 2024, appointing individuals from Vicarious Surgical Inc. and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. to handle SEC filings on Khalifa's behalf.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of shares by company executives are a normal part of corporate governance, especially when related to covering tax obligations from vesting equity. It is important to monitor if these sales are isolated or part of a larger trend.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders due to the small volume of shares sold.

Key Dates