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.
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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 (2)
- 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. 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
sell to cover financial
equity incentive plan financial
forfeiture financial
FAQ
What insider transaction did SentinelOne (S) report for its CFO?
Was the SentinelOne CFO’s sale a discretionary trade in the open market?
What type of security was involved in the SentinelOne CFO Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.