Neuronetics (STIM) CFO Pfanstiel sells 16,431 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neuronetics EVP, CFO and Treasurer Steven Pfanstiel reported an open-market sale of 16,431 shares of common stock at a weighted average price of $1.34 per share. According to the footnotes, these were non-discretionary sales made solely to satisfy tax withholding obligations upon vesting of a performance restricted stock unit award. After the transaction, Pfanstiel directly holds 828,781 shares of Neuronetics common stock, indicating this was a relatively small, tax-driven adjustment to his overall position rather than a discretionary portfolio move.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,431 shares ($22,018)
Net Sell
1 txn
Insider
Pfanstiel Steven
Role
EVP, CFO and Treasurer
Sold
16,431 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,431 | $1.34 | $22K |
Holdings After Transaction:
Common Stock — 828,781 shares (Direct)
Footnotes (1)
- The sales reported in this Form 4 were non-discretionary sales to satisfy the Reporting Person's tax withholding obligation upon vesting of a portion of a performance restricted stock unit award. The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $1.48 to $1.20. The Reporting Person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.