SentinelOne CLO sells shares to cover RSU taxes
SentinelOne, Inc. Chief Legal Officer & Secretary Keenan Michael Conder reported an issuer-mandated sale of 8,401 shares of Class A Common Stock.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,401 | $15.7037 | $132K |
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 $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.
- F3. Certain of the shares are subject to forfeiture to the Issuer if underlying vesting conditions are not met.
Key Figures
Key Terms
Restricted Stock Units financial
tax withholding obligations financial
sell to cover financial
weighted average price financial
FAQ
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What insider transaction did SentinelOne (S) report for Keenan Michael Conder?
Was the SentinelOne (S) insider sale by Keenan Michael Conder a discretionary trade?
Why did SentinelOne’s (S) equity plan require a sell-to-cover transaction for this insider?
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