Form 4: Vicarious Surgical Inc. Officer Sells Shares to Cover Tax Obligations
SEC Form 4
John Mazzola, Chief Operating Officer of Vicarious Surgical Inc., sold 195 shares of Class A Common Stock on September 3, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On September 3, 2024, John Mazzola, the Chief Operating Officer of Vicarious Surgical Inc., sold 195 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units granted on June 2, 2021.
- The shares were sold at a weighted average price of $5.8191, with individual trades ranging from $5.58 to $6.27 per share.
- Following the transaction, Mazzola directly owns 9,990 shares of Class A Common Stock.
- The reported figures have been adjusted to reflect a 1-for-30 reverse stock split that the Issuer effected on June 12, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes). It doesn't contain information that would significantly shift sentiment positively or negatively.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The sale of shares by an officer could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| June 2, 2021 | Date of grant for the restricted stock units that triggered the tax withholding obligation. |
| June 12, 2024 | Date the Issuer effected a 1-for-30 reverse stock split on its Common Stock. |
| September 3, 2024 | Date of the share sale transaction. |
| September 4, 2024 | Date of the report filing. |
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