Form 4: WidePoint EVP Jason Holloway Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Jason Holloway, EVP of WidePoint Corporation, disposed of 4,127 shares of common stock on March 31, 2024, to cover tax obligations related to equity awards.
Summary
- On March 31, 2024, Jason Holloway, the EVP and Chief Sales and Marketing Officer of WidePoint Corporation, disposed of 4,127 shares of common stock.
- The transaction was executed at a price of $2.59 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Holloway directly owns 142,211 shares of WidePoint Corporation.
- Holloway also indirectly owns 85,100 shares held in trust.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's stock disposal for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock disposal transaction |
| 04/02/2024 | Date of signature on the Form 4 filing |
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