AIRGAIN (AIRG) CEO executes 3,704-share sell-to-cover for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AIRGAIN INC President and CEO Jacob Suen reported an open-market sale of 3,704 shares of common stock at an average price of $4.1577 per share. According to the disclosure, this sale was executed solely to cover tax withholding obligations from the vesting and settlement of restricted stock units through an automatic “sell-to-cover” instruction under Rule 10b5-1 and is not a discretionary trade. After this transaction, Suen directly owns 282,931 shares of AIRGAIN INC common stock, which includes RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,704 shares ($15,400)
Net Sell
1 txn
Insider
SUEN JACOB
Role
President and CEO
Sold
3,704 shs ($15K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,704 | $4.1577 | $15K |
Holdings After Transaction:
Common Stock — 282,931 shares (Direct)
Footnotes (1)
- The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units (RSUs). The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The Reporting Person has executed an instruction letter for the automatic sale of such "sell-to-cover" shares, intended to satisfy the affirmative defense conditions of Rule 10b5-1. Includes RSUs.
FAQ
What insider transaction did AIRGAIN INC (AIRG) report for Jacob Suen?
AIRGAIN INC reported that President and CEO Jacob Suen sold 3,704 shares of common stock at $4.1577 per share. The sale was linked to tax withholding for vesting RSUs rather than a discretionary share sale.
Is Jacob Suen’s AIRGAIN INC (AIRG) stock sale considered discretionary trading?
No. The filing specifies that the sale of 3,704 shares was to fund tax withholding on RSU vesting and “does not represent a discretionary transaction.” It was carried out automatically under a pre-established “sell-to-cover” instruction.