Datavault AI insider shares sold to cover taxes
Datavault AI Inc. reported that director and officer Stanley Mbugua had 50,463 shares of common stock sold into the open market by the company on his behalf to satisfy tax obligations from vesting equity awards.
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Rhea-AI Filing Summary
Datavault AI Inc. reported that director and officer Stanley Mbugua had 50,463 shares of common stock sold into the open market by the company on his behalf to satisfy tax obligations from vesting equity awards. The shares were sold in multiple trades at prices ranging from $0.6248 to $0.6324 per share. After these tax-related sales, he directly holds 1,015,828 shares of Datavault AI common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50,463 | $0.0627 | $3K |
Footnotes (2)
- F1. Represents shares of common stock, par value $0.0001 per share, of the issuer sold to the open market by the issuer on behalf of the reporting person to satisfy tax obligations in connection with vesting of equity awards and was not a discretionary transaction by the reporting person.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $0.6248 to $0.6324. The reporting person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
FAQ
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What insider transaction did Datavault AI (DVLT) disclose in this Form 4?
Was the Datavault AI (DVLT) insider sale by Stanley Mbugua discretionary?
What does the weighted average price mean in the Datavault AI (DVLT) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.