Tax-driven share sale by SentinelOne (S) chief legal officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SentinelOne, Inc. chief legal officer Keenan Michael Conder reported an open-market sale of 4,550 Class A common shares at a weighted average price of $15.647 per share. The company mandated this sale solely to cover tax withholding on vested Restricted Stock Units, so it was not a discretionary trade. Following the transaction, Conder directly holds 991,133 shares, and some of these shares remain subject to forfeiture if vesting conditions are not met.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,550 shares ($71,194)
Net Sell
1 txn
Insider
Conder Keenan Michael
Role
Chief Legal Officer & Sec'y
Sold
4,550 shs ($71K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,550 | $15.647 | $71K |
Holdings After Transaction:
Class A Common Stock — 991,133 shares (Direct, null)
Footnotes (1)
- The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units, and it does not represent a discretionary trade by the Reporting Person. Pursuant to the Issuer's equity incentive plan, an award recipient's tax withholding obligations must be funded by a "sell to cover" transaction. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.30 to $15.65, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. Certain of the shares are subject to forfeiture to the Issuer if underlying vesting conditions are not met.
Key Figures
Shares sold: 4,550 shares
Weighted average sale price: $15.647 per share
Price range of sales: $15.30–$15.65 per share
+1 more
4 metrics
Shares sold
4,550 shares
Issuer-mandated sale on 2026-05-06
Weighted average sale price
$15.647 per share
Open-market sale to cover tax withholding
Price range of sales
$15.30–$15.65 per share
Multiple transactions within this range
Shares owned after transaction
991,133 shares
Direct holdings following the sale
Key Terms
Restricted Stock Units, sell to cover, weighted average price, vesting conditions
4 terms
Restricted Stock Units financial
"in connection with the vesting and settlement of 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.
sell to cover financial
"tax withholding obligations must be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
vesting conditions financial
"shares are subject to forfeiture to the Issuer if underlying vesting conditions are not met."
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
FAQ
What did SentinelOne (S) insider Keenan Michael Conder report in this Form 4?
Keenan Michael Conder reported selling 4,550 SentinelOne shares. The sale was an issuer-mandated transaction to cover tax withholding tied to vesting Restricted Stock Units, rather than a discretionary trade in the open market.
Why did SentinelOne (S) require a sell-to-cover transaction for this insider?
The company’s equity incentive plan mandates sell-to-cover for tax obligations. Award recipients must fund tax withholding from RSU vesting through a share sale, so the issuer required this transaction to satisfy the insider’s withholding requirements.