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

Andrew Hagopian, Chief Legal Officer of Xponential Fitness, sold shares to cover tax withholding obligations related to a restricted stock unit award.

Summary

• On February 27, 2024, Andrew Hagopian, the Chief Legal Officer of Xponential Fitness, Inc. (XPOF), sold 5,260 shares of Class A Common Stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The shares were sold at a weighted average price of $10.0583, with individual transactions ranging from $9.93 to $10.09.
• Following the transaction, Hagopian directly owns 228,390 shares of Class A Common Stock and indirectly owns 8,800 shares through the Hagopian Family Trust dated February 4, 2016.
• The sale was a 'mandatory sell to cover' transaction and not a discretionary transaction by the reporting person.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The sale of shares by an officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates