Neuronetics (STIM) EVP sells 3,427 shares in tax withholding trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neuronetics, Inc. executive William Andrew Macan, EVP, CLO and CS, reported an open-market sale of 3,427 shares of common stock at a weighted average price of $1.35 per share. The sale was a non-discretionary transaction to cover tax withholding upon vesting of a restricted stock unit award, and he now holds 880,134 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,427 shares ($4,626)
Net Sell
1 txn
Insider
MACAN WILLIAM ANDREW
Role
EVP, CLO and CS
Sold
3,427 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,427 | $1.35 | $5K |
Holdings After Transaction:
Common Stock — 880,134 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 insider transaction did Neuronetics (STIM) report for William Andrew Macan?
Neuronetics reported that executive William Andrew Macan sold 3,427 shares of common stock. The sale was an open-market transaction used to satisfy tax withholding obligations tied to a restricted stock unit award vesting event.
What is the role of William Andrew Macan at Neuronetics (STIM)?
William Andrew Macan serves as Executive Vice President, Chief Legal Officer and Corporate Secretary at Neuronetics. His leadership role and equity ownership are disclosed in the Form 4, which reports his tax-related sale of common stock.