[Form 4] WIDEPOINT CORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WidePoint Corporation’s Chief Financial Officer Robert J. George reported an open-market sale of 10,000 shares of Common Stock at a weighted average price of $10.59 per share. He also had 1,906 shares disposed of at $10.30 per share to cover tax obligations through a tax-withholding transaction.
After these transactions, he holds 52,587 Common Stock shares directly and retains a stock option award covering 9,714 underlying shares of Common Stock at an exercise price of $1.82 per share, expiring on August 4, 2028. The sale was executed in multiple trades between $10.44 and $10.88 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($105,900)
Net Sell
3 txns
Insider
GEORGE ROBERT J
Role
Chief Financial Officer
Sold
10,000 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,906 | $10.30 | $20K |
| Sale | Common Stock | 10,000 | $10.59 | $106K |
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 52,587 shares (Direct, null);
Stock Option (right to buy) — 9,714 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $10.44 to $10.88, inclusive. The Reporting Person undertakes to provide WidePoint Corporation (the "Company"), any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. The stock options were granted pursuant to the issuer's Amended and Restated 2008 Stock Incentive Plan and will vest in full at the third anniversary of the date of grant.
FAQ
What insider transactions did WidePoint (WYY) report for its CFO?
WidePoint’s CFO Robert J. George reported selling 10,000 shares of Common Stock in the open market and a separate 1,906-share tax-withholding disposition. These transactions adjust his holdings but leave him with a substantial remaining equity position in the company.
What stock options does the WidePoint (WYY) CFO still have outstanding?
The CFO holds a stock option award with an exercise price of $1.82 per share over 9,714 underlying shares of Common Stock. These options were granted under the company’s 2008 Stock Incentive Plan and are scheduled to vest fully on the third anniversary of grant.
What does the weighted average price disclosure mean in WidePoint’s Form 4?
The Form 4 states the $10.59 figure is a weighted average price across multiple trades between $10.44 and $10.88. The CFO undertakes to provide detailed share counts at each specific price to the company, any shareholder, or SEC staff upon request.