SentinelOne president sells shares to cover taxes
SentinelOne, Inc. President and COO Barry L. Padgett reported an issuer-mandated sale of 15,460 shares of Class A Common Stock at $13.41 per share.
Rhea-AI Filing Summary
SentinelOne, Inc. President and COO Barry L. Padgett reported an issuer-mandated sale of 15,460 shares of Class A Common Stock at $13.41 per share. The footnotes explain this was a required "sell to cover" transaction to fund tax withholding on vested Restricted Stock Units, not a discretionary trade.
After the sale, Padgett directly held 628,190 shares, and some of these shares remain subject to forfeiture if vesting conditions are not met. The transaction reflects routine tax-related administration of equity compensation rather than an open-market change in his investment stance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 15,460 | $13.41 | $207K |
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" transaction financial
equity incentive plan financial
subject to forfeiture financial
FAQ
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What did SentinelOne (S) executive Barry Padgett report in this Form 4?
Was Barry Padgett’s SentinelOne (S) stock sale a discretionary trade?
What does a "sell to cover" transaction mean for SentinelOne (S) insiders?
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