Form 4: Xponential Fitness President Sarah Luna Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sarah Luna, President of Xponential Fitness, sold 5,399 shares of Class A Common Stock to cover tax withholding obligations related to a restricted stock unit (RSU) award.
Summary
- Sarah Luna, President of Xponential Fitness, sold 5,399 shares of Class A Common Stock on February 27, 2024.
- The sale was executed at a weighted average price of $10.0148 per share, with individual transactions ranging from $9.99 to $10.04.
- This transaction was to cover tax withholding obligations related to the award of Class A common stock subject to restricted stock units (RSUs).
- Following the transaction, Luna directly owns 265,247 shares of Class A Common Stock and 58,735 shares of Class B Common Stock.
- Luna also holds 58,735 LLC Units in Xponential Holdings LLC, which are redeemable for Class A common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction to cover tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. This filing indicates that the President of Xponential Fitness sold shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock sale transaction. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.