SentinelOne (S) CLO conducts small, tax-related RSU share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SentinelOne, Inc. Chief Legal Officer & Secretary Keenan Michael Conder reported an issuer-mandated sale of 8,401 shares of Class A Common Stock. The shares were sold at a weighted average price of about $15.70 per share solely to cover tax withholding obligations from vesting Restricted Stock Units, rather than as a discretionary trade. After this tax-related sale, he continues to hold 982,732 shares directly, so the transaction represents a small portion of his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,401 shares ($131,927)
Net Sell
1 txn
Insider
Conder Keenan Michael
Role
Chief Legal Officer & Sec'y
Sold
8,401 shs ($132K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,401 | $15.7037 | $132K |
Holdings After Transaction:
Class A Common Stock — 982,732 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 $15.70 to $15.72, 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: 8,401 shares
Weighted average sale price: $15.7037 per share
Sale price range: $15.70–$15.72 per share
+1 more
4 metrics
Shares sold
8,401 shares
Issuer-mandated sale to cover RSU tax withholding
Weighted average sale price
$15.7037 per share
Open-market sale range for tax-related transaction
Sale price range
$15.70–$15.72 per share
Multiple transactions within this price range
Shares held after transaction
982,732 shares
Direct ownership following the sell-to-cover sale
Key Terms
Restricted Stock Units, tax withholding obligations, sell to cover, weighted average price
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.
tax withholding obligations financial
"sale ... to cover tax withholding obligations in connection with the vesting"
sell to cover financial
"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.
FAQ
What insider transaction did SentinelOne (S) report for Keenan Michael Conder?
SentinelOne reported that Chief Legal Officer & Secretary Keenan Michael Conder sold 8,401 Class A Common Stock shares. The sale was mandated by the company to cover tax withholding obligations tied to vesting Restricted Stock Units, rather than a discretionary open-market decision.
Was the SentinelOne (S) insider sale by Keenan Michael Conder a discretionary trade?
No, the sale was not discretionary. The filing states it was an issuer-mandated “sell to cover” transaction to fund tax withholding obligations upon vesting and settlement of Restricted Stock Units under SentinelOne’s equity incentive plan, rather than a voluntary market timing decision.
Why did SentinelOne’s (S) equity plan require a sell-to-cover transaction for this insider?
The equity incentive plan requires award recipients to fund tax withholding obligations through a “sell to cover” transaction. In this case, 8,401 shares were automatically sold when Restricted Stock Units vested, ensuring required taxes were paid without an out-of-pocket cash payment.