DVLT Form 4: Officer Sale at $0.40 and Correction Adds 350K Shares
Rhea-AI Filing Summary
Brett Moyer, a director and the Chief Financial Officer of Datavault AI Inc. (DVLT), reported a sale and corrected prior ownership information. The filing shows 130,754 shares of common stock were sold into the open market on 08/28/2025 at $0.40 per share to satisfy tax obligations tied to vesting equity awards; the sale was executed by the issuer on the reporting person’s behalf and was not discretionary. The filing also corrects a prior Form 4 omission by adding 350,000 shares received as compensation on 06/25/2025. After the reported sale and correction, the filing states the reporting person beneficially owns 1,117,665 shares.
Positive
- Correction filed to disclose the previously omitted grant of 350,000 shares, restoring accuracy of insider holdings
- Sale was non-discretionary and executed to satisfy tax obligations, which limits interpretation as a voluntary divestiture
Negative
- Prior omission of 350,000 shares from a June 25, 2025 compensation grant indicates a reporting/control lapse
- Reported sale of 130,754 shares reduces the reporting person’s direct holdings and may be seen as a near-term liquidity action
Insights
TL;DR: Director/officer sold shares to cover taxes; prior grant omission corrected—neutral to small negative near-term signal.
The sale of 130,754 shares at $0.40 appears routine and is described as non-discretionary, made to satisfy tax obligations from vested awards, which reduces the officer’s direct holdings but does not on its face indicate confidence or distress beyond routine tax-related sales. The corrected disclosure adding 350,000 shares granted on 06/25/2025 meaningfully increases reported beneficial ownership and fixes a reporting error; timely correction reduces ongoing disclosure risk but raises questions about internal controls around timely filings.
TL;DR: Corrective filing addresses an omission; the incident flags a governance/reporting control lapse but was remedied.
Reporting a previously omitted 350,000-share compensation grant is material to insider holdings and the amendment is important for accurate Section 16 transparency. The narrative states the sale was executed by the issuer to satisfy tax obligations, suggesting the officer did not initiate a discretionary open-market sale. While the correction mitigates continued non-compliance, the underlying omission highlights a need for improved process controls around timely Form 4 reporting for executive awards.