Neuronetics (STIM) EVP Macan sells 14,120 shares for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neuronetics, Inc. executive William Andrew Macan reported an open-market sale of 14,120 shares of common stock at a weighted average price of $1.65 per share on February 12, 2026. According to the disclosure, these were non-discretionary sales made solely to cover tax withholding obligations triggered by the vesting of a restricted stock unit award.
After this transaction, Macan beneficially owned 673,561 shares of Neuronetics common stock directly. The price range for the individual trades was between $1.56 and $1.72 per share, with the insider indicating that detailed trade breakdowns are available upon request.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,120 shares ($23,298)
Net Sell
1 txn
Insider
MACAN WILLIAM ANDREW
Role
EVP, CLO and CS
Sold
14,120 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,120 | $1.65 | $23K |
Holdings After Transaction:
Common Stock — 673,561 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 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 $1.56 to $1.72. 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.
FAQ
What insider transaction did Neuronetics (STIM) report for William Andrew Macan?
Neuronetics executive William Andrew Macan reported selling 14,120 shares of common stock. The shares were sold on February 12, 2026 at a weighted average price of $1.65 to satisfy tax withholding from a restricted stock unit vesting.
Was the Neuronetics (STIM) insider sale by Macan discretionary?
No, the sale was described as non-discretionary. The filing states the 14,120 shares were sold solely to cover Macan’s tax withholding obligation arising from the vesting of a portion of a restricted stock unit award.
What role does William Andrew Macan hold at Neuronetics (STIM)?
William Andrew Macan serves as Executive Vice President, Chief Legal Officer, and Corporate Secretary at Neuronetics. His position as an officer requires him to report transactions in company stock on Form 4, including tax withholding-related share sales.