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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,993 | $3.996 | $64K |
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 $3.9838 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 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.
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.