Vuzix executive sells 11,663 shares for taxes
Vuzix Corp executive Christopher Iain Parkinson reported an open-market sale of common stock to cover taxes.
Rhea-AI Filing Summary
Vuzix Corp executive Christopher Iain Parkinson reported an open-market sale of common stock to cover taxes. He sold 11,663 shares at an average price of $2.6895 per share, and held 131,130 shares of Vuzix common stock directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,663 shares
Net Sell
1 txn
Insider
Parkinson Christopher Iain
Role
See remarks
Sold
11,663 shs ($31K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,663 | $2.6895 | $31K |
Holdings After Transaction:
Common Stock — 131,130 shares (Direct)
Footnotes (1)
- F1. The shares were sold to cover the reporting person's tax liability.
FAQ
What insider transaction did Vuzix (VUZI) report for Christopher Iain Parkinson?
Vuzix reported that executive Christopher Iain Parkinson sold 11,663 shares of common stock in an open-market transaction. The sale was executed at an average price of $2.6895 per share and was disclosed on a Form 4 insider trading report.
Was the Vuzix (VUZI) insider transaction a buy or a sell?
The transaction was a sale of shares. The Form 4 lists transaction code “S” for sale and describes it as an open-market sale, with 11,663 Vuzix common shares sold primarily to satisfy the reporting person’s tax obligations.
What does transaction code “S” mean in the Vuzix (VUZI) Form 4 filing?
Transaction code “S” in the Form 4 indicates a sale of securities, either in the open market or a private transaction. In this case, it refers to the sale of 11,663 Vuzix common shares at an average price of $2.6895 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.