Tax-driven share sale by Datavault AI (DVLT) chief financial officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datavault AI Inc. director and Chief Financial Officer Brett Moyer reported an open-market sale of 159,968 shares of common stock at a weighted average price of $0.627 per share. The shares were sold by the company on his behalf solely to cover tax obligations from vesting equity awards and were not a discretionary trade. After this tax-related sale, he holds 3,578,630 shares of Datavault AI common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 159,968 shares ($100,300)
Net Sell
1 txn
Insider
MOYER BRETT
Role
Chief Financial Officer
Sold
159,968 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 159,968 | $0.627 | $100K |
Holdings After Transaction:
Common Stock — 3,578,630 shares (Direct)
Footnotes (1)
- Represents shares of common stock, par value $0.0001 per share, of the issuer sold to the open market by the issuer on behalf of the reporting person to satisfy tax obligations in connection with vesting of equity awards and was not a discretionary transaction by the reporting person. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $0.6248 to $0.6324. The reporting person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, 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 Datavault AI (DVLT) report for Brett Moyer?
Datavault AI reported that CFO and director Brett Moyer had 159,968 common shares sold on his behalf at a weighted average price of $0.627. The transaction was to satisfy tax obligations linked to vesting equity awards and was not a discretionary stock sale by him.