SentinelOne (S) CFO executes 33,823-share sell-to-cover for RSU tax withholding
Rhea-AI Filing Summary
SentinelOne, Inc.’s Chief Financial Officer Sonalee Elizabeth Parekh reported an open-market sale of 33,823 shares of Class A common stock at $17.89 per share. According to the disclosure, this was an issuer-mandated “sell to cover” transaction to fund tax withholding tied to vested Restricted Stock Units, not a discretionary trade.
After the sale, Parekh directly holds 977,268 shares of Class A common stock, and certain of these shares remain subject to forfeiture if vesting conditions are not met.
Positive
- None.
Negative
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Insights
CFO’s reported sale is a routine tax-withholding event, not a discretionary stock trade.
The filing shows Chief Financial Officer Sonalee Elizabeth Parekh sold 33,823 shares of SentinelOne, Inc. Class A common stock at $17.89 per share. A footnote explains this was an issuer-mandated “sell to cover” related to vesting and settlement of Restricted Stock Units.
Because the company’s equity incentive plan requires tax obligations to be funded via sell-to-cover transactions, this event reflects a mechanical tax payment rather than an elective reduction in exposure. After the transaction, Parekh holds 977,268 shares directly, with some shares still subject to vesting-based forfeiture.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 33,823 | $17.89 | $605K |
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. Certain of the shares are subject to forfeiture to the Issuer if underlying vesting conditions are not met.