Quantum-Si (NASDAQ: QSI) GC sells 15,588 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quantum-Si Inc general counsel and corporate secretary Christian LaPointe reported two small open-market sales of Class A common stock tied to tax withholding on vested restricted stock units. He sold 7,794 shares on June 22 at a weighted average price of $0.9574 per share and 7,794 shares on June 23 at a weighted average price of $0.8990 per share, for a total of 15,588 shares. The sales were executed under a mandatory sell-to-cover provision for federal, state and local tax withholding and were not discretionary. After these transactions, LaPointe directly holds 1,182,429 Quantum-Si shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,588 shares ($14,469)
Net Sell
2 txns
Insider
LaPointe Christian
Role
GC & Corp. Secretary
Sold
15,588 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,794 | $0.899 | $7K |
| Sale | Class A Common Stock | 7,794 | $0.9574 | $7K |
Holdings After Transaction:
Class A Common Stock — 1,182,429 shares (Direct, null)
Footnotes (1)
- Represents shares sold pursuant to a mandatory Quantum-Si sell-to-cover provision for required federal, state and local withholding taxes in connection with the vesting of previously granted restricted stock units. Individual is not able to alter this mandatory sell-to-cover provision that is enacted at the grant date of the related restricted stock unit award. Represents the weighted average sales price per share. The shares sold at prices ranging from $0.9212 to $1.005 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $0.88 to $0.9291 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
Key Figures
Shares sold June 22: 7,794 shares
Price June 22: $0.9574/share
Shares sold June 23: 7,794 shares
+3 more
6 metrics
Shares sold June 22
7,794 shares
Open-market sale at $0.9574 weighted average price
Price June 22
$0.9574/share
Weighted average sale price; trades ranged $0.9212–$1.005
Shares sold June 23
7,794 shares
Open-market sale at $0.8990 weighted average price
Price June 23
$0.8990/share
Weighted average sale price; trades ranged $0.88–$0.9291
Total shares sold
15,588 shares
Cumulative June sell-to-cover transactions
Shares held after
1,182,429 shares
Direct Class A common stock held after June 23 sale
Key Terms
sell-to-cover, restricted stock units, weighted average sales price
3 terms
sell-to-cover financial
"Represents shares sold pursuant to a mandatory Quantum-Si sell-to-cover provision for required federal, state and local withholding taxes"
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
"withholding taxes in connection with the vesting of previously granted 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.
weighted average sales price financial
"Represents the weighted average sales price per share. The shares sold at prices ranging from $0.9212 to $1.005 per share"
FAQ
What insider stock transactions did Quantum-Si (QSI) report for Christian LaPointe?
Quantum-Si reported that general counsel Christian LaPointe sold a total of 15,588 Class A shares in two June transactions. These sales were connected to tax withholding on vested restricted stock units under a mandatory sell-to-cover provision.