Health Catalyst (HCAT) CFO sells 26,970 shares to cover RSU taxes
Rhea-AI Filing Summary
Health Catalyst, Inc. Chief Financial Officer Jason Alger disposed of 26,970 shares of common stock at an average price of $1.6599 per share. The shares were sold automatically to cover tax withholding on vested restricted stock units under the company’s equity plans, not as a discretionary trade. After this tax-withholding sale, he holds 741,644 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 26,970 shares
Net Sell
1 txn
Insider
Alger Jason
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 26,970 | $1.6599 | $45K |
Holdings After Transaction:
Common Stock — 741,644 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Issuer's Restricted Stock Units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Health Catalyst (HCAT) report for Jason Alger?
Health Catalyst reported that CFO Jason Alger disposed of 26,970 common shares. The transaction was a mandated sale-to-cover to satisfy tax withholding obligations on vested restricted stock units under the company’s equity incentive plans, rather than a discretionary open-market trade.
Does the Health Catalyst (HCAT) Form 4 indicate an open-market sale by the CFO?
The Form 4 does not show a discretionary open-market sale. Instead, it records a mandatory sale-to-cover transaction, where 26,970 shares were automatically sold to satisfy tax withholding obligations connected to the vesting of restricted stock units awarded to the Chief Financial Officer.