PROCEPT BioRobotics (PRCT) CTO logs small 358-share tax sell-to-cover transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROCEPT BioRobotics EVP and CTO Barry L. Templin reported a small sale of 358 shares of Common Stock on June 8, 2026 at $28.479 per share. According to the footnotes, this transaction was executed under the company’s sell-to-cover process to satisfy tax withholding obligations related to Restricted Stock Units that vested on June 5, 2026, indicating it was a routine tax-driven event rather than a discretionary sale. After this transaction, Templin directly holds 68,953 shares of PROCEPT BioRobotics common stock. The footnotes also note that his holdings include 860 shares acquired on May 14, 2026 through the company’s 2021 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 358 shares ($10,195)
Net Sell
1 txn
Insider
Templin Barry L
Role
EVP, Chief Technology Officer
Sold
358 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 358 | $28.479 | $10K |
Holdings After Transaction:
Common Stock — 68,953 shares (Direct, null)
Footnotes (1)
- The shares were sold by the reporting person pursuant to the Issuer's sell-to-cover process for tax withholding obligations in connection with the vesting of the Restricted Stock Units on June 5, 2026. Includes 860 shares acquired on May 14, 2026, under the Issuer's 2021 Employee Stock Purchase Plan.
Key Figures
Shares sold: 358 shares
Sale price: $28.479 per share
Shares owned after: 68,953 shares
+1 more
4 metrics
Shares sold
358 shares
Open-market sale on June 8, 2026
Sale price
$28.479 per share
Average price for the 358 shares
Shares owned after
68,953 shares
Direct holdings following transaction
ESPP shares included
860 shares
Acquired May 14, 2026 under 2021 Employee Stock Purchase Plan
Key Terms
sell-to-cover, Restricted Stock Units, Employee Stock Purchase Plan, open-market sale
4 terms
sell-to-cover financial
"The shares were sold by the reporting person pursuant to the Issuer's sell-to-cover process for tax withholding obligations"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
Restricted Stock Units financial
"tax withholding obligations in connection with the vesting of the Restricted Stock Units on June 5, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"Includes 860 shares acquired on May 14, 2026, under the Issuer's 2021 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
open-market sale financial
"transaction_action: open-market sale, Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.