Form 4: Xponential Fitness Chief Legal Officer Sells Shares to Cover Tax Obligations
SEC Form 4
Andrew Hagopian, Chief Legal Officer of Xponential Fitness, sold 2,405 shares of Class A Common Stock to cover tax withholding obligations related to a restricted stock unit (RSU) award.
Summary
- On February 28, 2024, Andrew Hagopian, the Chief Legal Officer of Xponential Fitness, Inc. (XPOF), sold 2,405 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs) granted under the company's equity incentive plan.
- The shares were sold at a weighted average price of $9.6635, with individual transactions ranging from $9.65 to $9.69.
- Following the transaction, Hagopian directly owns 225,985 shares of Class A Common Stock and indirectly owns 8,800 shares through the Hagopian Family Trust dated February 4, 2016.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.
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 a standard transaction to cover tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| February 4, 2016 | Date of the Hagopian Family Trust |
| February 28, 2024 | Date of the stock sale transaction |
| March 01, 2024 | Date of signature on the Form 4 filing |
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