SentinelOne CEO sells shares to cover taxes
SentinelOne, Inc. President and CEO Tomer Weingarten reported an open-market sale of 36,932 shares of Class A common stock at a weighted average price of $13.811 per share.
Rhea-AI Filing Summary
SentinelOne, Inc. President and CEO Tomer Weingarten reported an open-market sale of 36,932 shares of Class A common stock at a weighted average price of $13.811 per share. According to the disclosure, this was an issuer-mandated “sell to cover” transaction to satisfy tax withholding on vested restricted stock units, not a discretionary trade. After the sale, he continues to directly hold 1,046,141 shares, some of which remain subject to forfeiture if vesting conditions are not met.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 36,932 | $13.811 | $510K |
Footnotes (3)
- F1. 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.81 to $13.97 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.
- F3. Certain of the shares are subject to forfeiture to the Issuer if underlying vesting conditions are not met.
FAQ
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What insider transaction did SentinelOne (S) CEO Tomer Weingarten report?
Does the SentinelOne (S) Form 4 indicate a discretionary stock sale by the CEO?
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