Neuronetics (STIM) CEO sells 8,452 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neuronetics, Inc. President and CEO Keith J. Sullivan reported an open-market sale of 8,452 shares of common stock at a reported weighted average price of $1.35 per share. According to the filing, these were non-discretionary sales to satisfy tax withholding obligations upon vesting of a restricted stock unit award. After the transaction, Sullivan directly owned 1,524,713 shares of Neuronetics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,452 shares ($11,410)
Net Sell
1 txn
Insider
Sullivan Keith J
Role
President and CEO
Sold
8,452 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,452 | $1.35 | $11K |
Holdings After Transaction:
Common Stock — 1,524,713 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 $1.38 to $1.31. 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 did Neuronetics (STIM) CEO Keith Sullivan report in this Form 4 filing?
Keith J. Sullivan reported selling 8,452 Neuronetics common shares. The sale was described as non-discretionary and executed to cover tax withholding upon vesting of a restricted stock unit award, and he continued to hold 1,524,713 shares afterward.