Quantum-Si (QSI) CEO sells 23,777 shares in tax sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quantum-Si Inc President & CEO Jeffrey Alan Hawkins reported two open-market sales of Class A Common Stock totaling 23,777 shares. The sales occurred on March 20 and March 23 at weighted average prices of $0.8483 and $0.8266 per share, respectively. A footnote explains these transactions represent a mandatory sell-to-cover provision for federal, state and local tax withholding tied to the vesting of previously granted restricted stock units, which Hawkins cannot change. After these transactions, he directly holds 3,859,847 shares of Quantum-Si Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,777 shares ($19,906)
Net Sell
2 txns
Insider
Hawkins Jeffrey Alan
Role
President & CEO
Sold
23,777 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,149 | $0.8266 | $10K |
| Sale | Class A Common Stock | 11,628 | $0.8483 | $10K |
Holdings After Transaction:
Class A Common Stock — 3,859,847 shares (Direct)
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 $0.8314 to $0.8718 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 $0.7973 to $0.8525 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.
FAQ
What insider transaction did Quantum-Si (QSI) report for its CEO?
Quantum-Si reported that President & CEO Jeffrey Alan Hawkins sold 23,777 shares of Class A Common Stock in two transactions. These were mandatory sales to cover withholding taxes related to vesting restricted stock units, rather than discretionary open-market portfolio trades.