Form 4: Vitesse Energy President Brian Cree Sells Shares to Cover Tax Obligations

Vitesse Energy's President, Brian Cree, sold 100,529 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Brian Cree, President of Vitesse Energy, sold 100,529 shares of common stock on January 13, 2025.
• The sale was executed at a price of $26.53 per share.
• This transaction was to cover tax obligations arising from the vesting of restricted stock units.
• Following the transaction, Brian Cree beneficially owns 547,483 shares of Vitesse Energy 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.
• Many companies use restricted stock units as part of their compensation packages, leading to similar tax-related sales by executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Vitesse Energy, Brian Cree, stock sale, insider trading, Form 4, tax obligations, restricted stock units