Neuronetics (STIM) EVP Macan sells 16,005 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neuronetics, Inc. executive William Andrew Macan reported an open-market sale of 16,005 shares of common stock at a weighted average price of $1.34 per share. According to the disclosure, these were non-discretionary sales made solely to cover tax withholding upon vesting of a performance restricted stock unit award, and he continues to hold 897,270 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,005 shares ($21,447)
Net Sell
1 txn
Insider
MACAN WILLIAM ANDREW
Role
EVP, CLO and CS
Sold
16,005 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,005 | $1.34 | $21K |
Holdings After Transaction:
Common Stock — 897,270 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.
FAQ
What insider transaction did Neuronetics (STIM) report for William Andrew Macan?
William Andrew Macan reported selling 16,005 Neuronetics common shares. The filing states these were non-discretionary sales to satisfy his tax withholding obligations triggered by vesting of a performance restricted stock unit award, rather than a discretionary decision to reduce his investment position.
What role does William Andrew Macan hold at Neuronetics (STIM)?
William Andrew Macan is identified as an officer of Neuronetics, serving as Executive Vice President, Chief Legal Officer, and Corporate Secretary. His Form 4 filing reflects transactions in company common stock related to equity compensation and associated tax withholding requirements.