Form 4: Xponential Fitness Chief Legal Officer Sells Shares to Cover Tax Obligations

Andrew Hagopian, Chief Legal Officer of Xponential Fitness, sold 26,740 shares of Class A Common Stock to cover tax withholding obligations related to a restricted stock unit (RSU) award.

Summary

• On October 10, 2024, Andrew Hagopian, the Chief Legal Officer of Xponential Fitness, Inc. (XPOF), sold 26,740 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $12.1834 per share, with individual transactions ranging from $12.10 to $12.312.
• This transaction was to cover tax withholding obligations associated with the award of Class A common stock subject to restricted stock units (RSUs) granted under the company's equity incentive plan.
• Following the transaction, Hagopian directly owns 255,764 shares of Class A Common Stock and indirectly owns 8,800 shares through the Hagopian Family Trust dated February 4, 2016.
• Hagopian also acquired 1,173 shares under the Issuer's Employee Stock Purchase Plan on June 28, 2024.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment, but rather a routine financial transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common occurrence.

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment, but given the reason for the sale (tax obligations), the impact is likely to be minimal.

Key Dates