Sight Sciences (SGHT) CEO tax-related sale of 22,362 shares reported
Rhea-AI Filing Summary
Sight Sciences, Inc. President and CEO Paul Badawi, who is also a director and 10% owner, reported selling 22,362 shares of common stock on January 16, 2026 at a weighted average price of $6.62 per share. According to the filing, these shares were sold to cover his tax liability arising from the vesting of restricted stock units.
After this transaction, Badawi beneficially owns 6,025,840 shares of Sight Sciences common stock. This total includes 5,517,778 shares of common stock and 508,062 shares that will be received upon the vesting and settlement of unvested RSUs. The balance also corrects prior Form 4 reports by adding previously omitted RSUs and excluding certain stock option shares that were mistakenly included earlier.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,362 | $6.62 | $148K |
Footnotes (1)
- Reflects shares of the Issuer's common stock, par value $0.001 per share ("common stock"), sold to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units. Reflects the weighted average price at which the shares of common stock were sold. The shares were sold in multiple transactions at prices ranging from $6.44 to $6.69, 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 in this footnote. Includes (i) 5,517,778 shares of common stock, and (ii) 508,062 shares of common stock which shall be acquired upon the vesting and settlement of restricted stock units ("RSUs") that have not yet vested. The Reporting Person previously reported a grant of 87,800 RSUs on a Form 4 filed on February 11, 2022 (which was subsequently included under Table 1 on a Form 4 filed on January 5, 2023) and a grant of 176,600 RSUs on a Form 4 filed on March 21, 2023, which were awarded on February 9, 2022 and March 16, 2023, respectively. Of these RSU grants, 176,500 shares were inadvertently excluded from the Reporting Person's beneficially owned shares. The reported balance includes these previously excluded shares. Furthermore, the Reporting Person's Form 4 filed on February 16, 2024 inadvertently included under Column 5 of Table I 53,574 shares of common stock underlying the Reporting Person's stock options that were to vest within 60 days of the date of such filing. The reported balance on this Form 4 excludes the number of shares underlying such stock options.
FAQ
What portion of Paul Badawi’s SGHT holdings are unvested RSUs?
His reported beneficial ownership includes 508,062 shares that will be acquired upon the vesting and settlement of unvested restricted stock units.
Did this Form 4 for SGHT correct any prior reporting errors?
Yes. The reported balance now includes 176,500 previously omitted RSU shares and removes 53,574 stock option shares that were inadvertently counted in an earlier Form 4.