PROCEPT BioRobotics (PRCT) CLO sells 304 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROCEPT BioRobotics Corp executive reports small share sale tied to tax withholding. EVP, Chief Legal Officer and Corporate Secretary Alaleh Nouri sold 304 shares of common stock at an average price of $28.1532 per share. According to the footnote, the sale was made solely to cover tax withholding obligations from the vesting of restricted stock units, rather than as a discretionary open-market transaction. After this sale, Nouri directly holds 110,717 shares of PROCEPT BioRobotics common stock, indicating the transaction is minor relative to her overall stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 304 shares ($8,559)
Net Sell
1 txn
Insider
Nouri Alaleh
Role
EVP, CLO, CORP. SEC.
Sold
304 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 304 | $28.1532 | $9K |
Holdings After Transaction:
Common Stock — 110,717 shares (Direct)
Footnotes (1)
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FAQ
What did PROCEPT BioRobotics (PRCT) insider Alaleh Nouri report in this Form 4?
Alaleh Nouri reported selling 304 shares of PROCEPT BioRobotics common stock at $28.1532 per share. The filing states the sale was executed to cover tax withholding obligations related to vesting restricted stock units, not as a discretionary open-market trade.
Was the PROCEPT BioRobotics (PRCT) insider sale an open-market trade?
While coded as a sale, the filing’s footnote clarifies the transaction was executed to satisfy tax withholding linked to restricted stock unit vesting. This distinguishes it from a typical discretionary open-market sale aimed at changing the insider’s investment exposure.
What role does PROCEPT BioRobotics (PRCT) insider Alaleh Nouri hold?
Alaleh Nouri serves as Executive Vice President, Chief Legal Officer and Corporate Secretary at PROCEPT BioRobotics. Her Form 4 filing reflects equity compensation activity and related tax withholding, providing transparency on how her stock-based awards are administered.