Airgain CEO sells 38,314 shares in planned trades
AIRGAIN INC President and CEO Jacob Suen reported open-market sales of 38,314 shares of Common Stock.
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Rhea-AI Filing Summary
AIRGAIN INC President and CEO Jacob Suen reported open-market sales of 38,314 shares of Common Stock. He sold 37,314 shares at a weighted-average price of $4.1192 on March 20 and 1,000 shares at $5.00 on March 23. Footnotes explain that a portion of the shares were automatically sold to cover tax withholding tied to vesting restricted stock units through a “sell to cover” arrangement, and the transactions were executed under a pre-arranged Rule 10b5-1 trading plan. Following these sales, Suen directly holds 283,431 shares, a figure that includes RSUs.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $5.00 | $5K |
| Sale | Common Stock | 37,314 | $4.1192 | $154K |
Footnotes (4)
- F1. The sale reported in this column 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. Represents a weighted average sales price calculated by the broker executing the sell to cover transactions. These shares were sold as part of a block trade in multiple transactions, and the Reporting Person undertakes to provide to the issuer, any security holder of the Issuer or the SEC staff, upon request, full information regarding the number of shares sold at each separate sales price.
- F3. Includes RSUs.
- F4. The sales reported in this column were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on March 12, 2025.
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