Vicarious Surgical (RBOT) CTO executes sell-to-cover stock sale for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vicarious Surgical Inc. director and Chief Technology Officer Sammy Khalifa reported an open-market sale of 754 shares of Class A common stock. The shares were sold at a weighted average price of $2.0841 per share, leaving 32,869 shares of Class A common stock held directly after the transaction.
According to the disclosure, this sale was executed solely to cover tax withholding obligations related to the vesting of restricted stock units granted on May 19, 2022, under the company’s equity incentive plan. The filing notes this was a mandated “sell to cover” transaction and not a discretionary trade by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 754 shares ($1,571)
Net Sell
1 txn
Insider
Khalifa Sammy
Role
Chief Technology Officer
Sold
754 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 754 | $2.0841 | $2K |
Holdings After Transaction:
Class A Common Stock — 32,869 shares (Direct)
Footnotes (1)
- The sales reported in this Form 4 were effected to cover tax withholding obligations in connection with the vesting of restricted stock units that were granted on May 19, 2022. The sale is mandated by the Issuer's election under its equity incentive plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. This figure is the weighted average sales price of multiple trades ranging from $1.845 to $2.290 per share. The Reporting Person undertakes to provide the staff of the Securities Exchange Commission, Vicarious Surgical Inc. or any security holder of Vicarious Surgical Inc. full information about the number of shares sold at each separate price upon request.
FAQ
What insider transaction did Vicarious Surgical (RBOT) disclose for Sammy Khalifa?
Vicarious Surgical reported that director and Chief Technology Officer Sammy Khalifa sold 754 shares of Class A common stock. The sale was an open-market transaction tied to tax withholding on vested restricted stock units granted on May 19, 2022, under the equity incentive plan.
Was Sammy Khalifa’s RBOT stock sale a discretionary trade?
No, the filing states the sale did not represent a discretionary trade by Sammy Khalifa. It was mandated by Vicarious Surgical’s equity incentive plan to cover tax withholding obligations via a “sell to cover” transaction following vesting of restricted stock units.