Airgain (AIRG) CEO executes 15,993-share sell-to-cover trade
Rhea-AI Filing Summary
Airgain, Inc. President and CEO Jacob Suen, who is also a director, reported an automatic sale of common stock linked to equity compensation. On January 20, 2026, he sold 15,993 shares of Airgain common stock at a weighted average price of $3.996 per share, with individual trade prices ranging from $3.9838 to $3.9966. The filing states that these shares were sold solely to cover tax withholding obligations arising from the vesting and settlement of restricted stock units through a pre-arranged "sell-to-cover" instruction.
The transaction is described as non-discretionary, executed under an instruction letter intended to meet the affirmative defense conditions of Rule 10b5-1. Following this sale, Suen beneficially owned 293,635 shares of Airgain common stock, a figure that includes restricted stock units.
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FAQ
What insider transaction did AIRG CEO Jacob Suen report?
Jacob Suen, President, CEO and director of Airgain, Inc. (AIRG), reported selling 15,993 shares of common stock on January 20, 2026.
At what price did the AIRG CEO’s shares sell in this Form 4 filing?
The shares sold at a weighted average price of $3.996 per share, with individual trades occurring between $3.9838 and $3.9966 per share.
Why did the Airgain (AIRG) CEO sell 15,993 shares?
The filing states the sale was to cover tax withholding obligations from the vesting and settlement of restricted stock units via a pre-arranged "sell-to-cover" transaction.
Was the AIRG CEO’s stock sale a discretionary trade?
No. The document explains the sale does not represent a discretionary transaction and was executed under an instruction letter for automatic sell-to-cover.
Is the Airgain CEO’s sell-to-cover trade under Rule 10b5-1?
Yes. The reporting person executed an instruction letter for automatic sales intended to satisfy the affirmative defense conditions of Rule 10b5-1.
How many Airgain (AIRG) shares does the CEO hold after this transaction?
After the reported sale, Jacob Suen beneficially owned 293,635 shares of Airgain common stock, and this amount includes RSUs.