Form 4: Zynex CEO Thomas Sandgaard Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Thomas Sandgaard, CEO and Chairman of Zynex Inc., reports the withholding of 2,268 common stock shares by the issuer to cover income tax obligations related to the settlement of Restricted Stock Awards.
Summary
- On March 25, 2024, Thomas Sandgaard, the President, CEO, and Chairman of Zynex Inc., reported a transaction involving the withholding of 2,268 shares of common stock by the company.
- The shares were withheld to satisfy income tax obligations related to the net settlement of Restricted Stock Awards (RSAs).
- The transaction occurred at a price of $12.74 per share.
- Following the transaction, Sandgaard beneficially owns 14,613,738 shares of Zynex Inc.
- The reporting person directly owns the shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations on stock awards, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock. This filing indicates a standard tax withholding procedure related to stock awards, which is common practice.
Key Dates
| Date | Description |
|---|---|
| 03/24/2024 | Date of Earliest Transaction |
| 03/25/2024 | Transaction Date: Shares withheld for tax obligations |
| 03/26/2024 | Date of Signature |
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