Tax-driven share sale by SentinelOne (NYSE: S) president and COO
Filing Impact
Filing Sentiment
Form Type
4
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
Net Seller: 15,460 shares ($207,319)
Net Sell
1 txn
Insider
PADGETT BARRY L.
Role
President and COO
Sold
15,460 shs ($207K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 15,460 | $13.41 | $207K |
Holdings After Transaction:
Class A Common Stock — 628,190 shares (Direct)
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.
Key Figures
Shares sold: 15,460 shares
Sale price: $13.41 per share
Approximate transaction value: $207,339
+2 more
5 metrics
Shares sold
15,460 shares
Issuer-mandated sale to cover tax withholding on RSU vesting
Sale price
$13.41 per share
Open-market price for Class A Common Stock on transaction date
Approximate transaction value
$207,339
Estimated proceeds from 15,460 shares at $13.41 per share
Shares held after transaction
628,190 shares
Direct holdings of Barry L. Padgett following the sale
Transaction date
April 6, 2026
Date of the issuer-mandated sell-to-cover transaction
Key Terms
Restricted Stock Units, "sell to cover" transaction, equity incentive plan, subject to forfeiture
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.
"sell to cover" transaction financial
"tax withholding obligations must be funded by a "sell to cover" transaction"
equity incentive plan financial
"Pursuant to the Issuer's equity incentive plan, an award recipient's tax withholding obligations"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
subject to forfeiture financial
"Certain of the shares are subject to forfeiture to the Issuer"
FAQ
What did SentinelOne (S) executive Barry Padgett report in this Form 4?
Barry L. Padgett, President and COO of SentinelOne, reported selling 15,460 Class A Common shares. The sale was issuer-mandated to cover tax withholding on vested Restricted Stock Units, making it a routine compensation-related transaction rather than a discretionary investment decision.
Was Barry Padgett’s SentinelOne (S) stock sale a discretionary trade?
No. The filing states the sale was mandated by SentinelOne to cover tax withholding for Restricted Stock Unit vesting. Under the company’s equity incentive plan, these obligations must be funded through a required "sell to cover" transaction, not an optional open-market sale.
What does a "sell to cover" transaction mean for SentinelOne (S) insiders?
A "sell to cover" transaction means shares are automatically sold to pay taxes when equity awards vest. For SentinelOne, the filing states its equity incentive plan requires award recipients to fund tax withholding through such mandated sales, limiting insiders’ discretion over these transactions.