SentinelOne (S) CLO Conder sells 5,178 shares in tax withholding trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SentinelOne, Inc. Chief Legal Officer and Secretary Keenan Michael Conder reported an open‑market sale of 5,178 shares of Class A common stock at a weighted average price of $13.8116 per share. According to the disclosure, this was an issuer‑mandated “sell to cover” transaction to fund tax withholding on the vesting and settlement of restricted stock units, rather than a discretionary trade. After the sale, Conder directly holds 557,184 shares of Class A common stock, some of which remain subject to forfeiture if vesting conditions are not met.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,178 shares ($71,516)
Net Sell
1 txn
Insider
Conder Keenan Michael
Role
Chief Legal Officer & Sec'y
Sold
5,178 shs ($72K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 5,178 | $13.8116 | $72K |
Holdings After Transaction:
Class A Common Stock — 557,184 shares (Direct)
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 $13.81 to $14.06, 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.
FAQ
What insider transaction did SentinelOne (S) report for Keenan Michael Conder?
SentinelOne reported that Chief Legal Officer and Secretary Keenan Michael Conder sold 5,178 shares of Class A common stock. The shares were sold in an issuer‑mandated “sell to cover” transaction tied to RSU vesting tax obligations, not a discretionary market sale.
Does this SentinelOne Form 4 indicate any options or other derivatives were exercised?
No derivative exercises are shown in this Form 4. The derivative summary is empty, and the only reported transaction is a non‑derivative sale of 5,178 Class A common shares to fund RSU‑related tax withholding obligations under the company’s equity incentive plan.
Was the SentinelOne (S) insider sale part of a discretionary trading plan?
The filing states the sale was an issuer‑mandated transaction to cover tax withholding on RSU vesting. It explicitly notes that it does not represent a discretionary trade by the reporting person, distinguishing it from voluntary open‑market buying or selling activity.