Neuronetics (STIM) CEO sells 40,976 shares for tax withholding
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 40,976 shares of common stock on February 10, 2026 at a weighted average price of $1.55 per share. According to the disclosure, these were non-discretionary sales made solely to satisfy his tax withholding obligation upon the vesting of a portion of a restricted stock unit award.
After this transaction, Sullivan directly beneficially owned 1,567,012 shares of Neuronetics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,976 shares ($63,513)
Net Sell
1 txn
Insider
Sullivan Keith J
Role
President and CEO
Sold
40,976 shs ($64K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 40,976 | $1.55 | $64K |
Holdings After Transaction:
Common Stock — 1,567,012 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 $1.45 to $1.60. 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 its CEO?
Neuronetics reported that President and CEO Keith J. Sullivan sold 40,976 shares of common stock on February 10, 2026. The sale was made at a weighted average price of $1.55 per share and was classified as an open-market transaction.
What transaction code was used in the Neuronetics (STIM) Form 4 filing?
The transaction was reported with code “S”, indicating a sale in an open market or private transaction. The filing further clarifies that the sale was non-discretionary and executed specifically to meet tax withholding requirements on a restricted stock unit vesting event.
Was the Neuronetics (STIM) CEO’s stock sale discretionary or part of a tax event?
The CEO’s stock sale was described as non-discretionary, carried out to cover his tax withholding obligation. This obligation resulted from the vesting of a portion of a restricted stock unit award, rather than from a voluntary decision to reduce his overall investment.