PROCEPT BioRobotics CTO sells 373 shares at $20.95
EVP and CTO Barry L. Templin reported a small tax-related sale of PRCT shares linked to RSU vesting, leaving him with 94,826 directly held shares.
Rhea-AI Filing Summary
PROCEPT BioRobotics Corp (PRCT) reported that executive vice president and chief technology officer Barry L. Templin sold 373 shares of common stock on September 9, 2026 at $20.95 per share. According to the company, the sale was made under its sell-to-cover process to satisfy tax withholding on restricted stock units that vested on September 5, 2026. Following this tax-related sale, Templin directly holds 94,826 shares of PROCEPT BioRobotics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 373 shares
Net Sell
1 txn
Insider
Templin Barry L
Role
EVP, Chief Technology Officer
Sold
373 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 373 | $20.953 | $8K |
Holdings After Transaction:
Common Stock — 94,826 shares (Direct)
Footnotes (1)
- F1. 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 September 5, 2026.
Key Figures
Shares sold: 373 shares
Sale price per share: $20.95 per share
Shares held after transaction: 94,826 shares
+1 more
4 metrics
Shares sold
373 shares
Common stock sold on September 9, 2026
Sale price per share
$20.95 per share
Average price for the 373 shares sold on September 9, 2026
Shares held after transaction
94,826 shares
Direct common stock holdings of Barry L. Templin after the sale
RSU vesting date
September 5, 2026
Restricted Stock Units whose vesting triggered tax withholding
Key Terms
sell-to-cover process, tax withholding obligations, Restricted Stock Units
3 terms
sell-to-cover process financial
"sold by the reporting person pursuant to the Issuer's sell-to-cover process"
tax withholding obligations financial
"process for tax withholding obligations in connection with the vesting"
Restricted Stock Units financial
"in connection with the vesting of the Restricted Stock Units"
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.
FAQ
What insider transaction did PROCEPT BioRobotics (PRCT) report for Barry L. Templin?
Barry L. Templin reported selling 373 shares of PROCEPT BioRobotics common stock on September 9, 2026, in a transaction described as part of the company’s sell-to-cover process for tax withholding tied to vesting restricted stock units.
Does the PRCT Form 4 indicate a Rule 10b5-1 trading plan for this transaction?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnote describes the sale as part of a sell-to-cover tax withholding process rather than a discretionary Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.