Airgain (NASDAQ: AIRG) CTO sells shares in automatic tax sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Airgain, Inc. Chief Technology Officer Sadri Ali reported an automatic sale of 4,733 shares of common stock on January 20, 2026 to cover tax withholding obligations. The shares were sold through a "sell-to-cover" transaction tied to the vesting and settlement of restricted stock units, described as a non-discretionary arrangement under an instruction letter intended to satisfy Rule 10b5-1 affirmative defense conditions.
The sale had a weighted average price of $3.9963 per share, with individual trades executed between $3.9900 and $3.9966. Following this tax-related sale, Ali beneficially owned 127,030 shares of Airgain common stock, which includes RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,733 shares ($18,914)
Net Sell
1 txn
Insider
Sadri Ali
Role
Chief Technology Officer
Sold
4,733 shs ($19K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,733 | $3.9963 | $19K |
Holdings After Transaction:
Common Stock — 127,030 shares (Direct)
Footnotes (1)
- 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $3.9900 to $3.9966. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Includes RSUs.
FAQ
What insider transaction did AIRGAIN INC (AIRG) report?
AIRGAIN INC reported that Chief Technology Officer Sadri Ali sold 4,733 shares of common stock on January 20, 2026 in a transaction coded as a sale (S).
Was the AIRG insider sale by Sadri Ali discretionary?
No. The sale is described as not a discretionary transaction; it was executed automatically under an instruction letter for a sell-to-cover arrangement tied to RSU vesting.
Is the AIRG insider sale linked to a Rule 10b5-1 trading plan?
Yes. The filing notes the Reporting Person executed an instruction letter for automatic "sell-to-cover" sales intended to satisfy the affirmative defense conditions of Rule 10b5-1.