AIRGAIN CEO sells 3,704 shares to cover RSU taxes
AIRGAIN INC President and CEO Jacob Suen reported an open-market sale of 3,704 shares of common stock at an average price of $4.1577 per share.
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Rhea-AI Filing Summary
AIRGAIN INC President and CEO Jacob Suen reported an open-market sale of 3,704 shares of common stock at an average price of $4.1577 per share. According to the disclosure, this sale was executed solely to cover tax withholding obligations from the vesting and settlement of restricted stock units through an automatic “sell-to-cover” instruction under Rule 10b5-1 and is not a discretionary trade. After this transaction, Suen directly owns 282,931 shares of AIRGAIN INC common stock, which includes RSUs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,704 | $4.1577 | $15K |
Footnotes (2)
- F1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units (RSUs). The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The Reporting Person has executed an instruction letter for the automatic sale of such "sell-to-cover" shares, intended to satisfy the affirmative defense conditions of Rule 10b5-1.
- F2. Includes RSUs.
FAQ
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What insider transaction did AIRGAIN INC (AIRG) report for Jacob Suen?
Is Jacob Suen’s AIRGAIN INC (AIRG) stock sale considered discretionary trading?
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