Hyperfine (HYPR) COO sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hyperfine, Inc. Chief Operating Officer Thomas Teisseyre reported an open-market sale of 24,188 shares of Class A common stock at $1.21 per share. According to the footnote, the sale was made solely to cover tax withholding obligations tied to the vesting of restricted stock units under a “sell to cover” provision. After this transaction, he directly holds 354,648 shares, indicating it is a routine tax-related disposition rather than a discretionary change in his overall ownership stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 24,188 shares ($29,267)
Net Sell
1 txn
Insider
TEISSEYRE THOMAS
Role
Chief Operating Officer
Sold
24,188 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 24,188 | $1.21 | $29K |
Holdings After Transaction:
Class A Common Stock — 354,648 shares (Direct)
Footnotes (1)
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FAQ
What did Hyperfine (HYPR) COO Thomas Teisseyre report in this Form 4 filing?
Hyperfine COO Thomas Teisseyre reported selling 24,188 shares of Class A common stock at $1.21 per share. The transaction was executed under a “sell to cover” provision to satisfy tax withholding obligations from vesting restricted stock units, not as a discretionary portfolio change.
Does this Hyperfine (HYPR) Form 4 indicate routine tax withholding or a discretionary sale?
The Form 4 indicates a routine tax-withholding event. The footnote explicitly states the sales were made to cover tax withholding obligations related to RSU vesting under a “sell to cover” provision, distinguishing it from a discretionary decision to reduce the COO’s equity exposure.
What type of transaction code is used in the Hyperfine (HYPR) COO Form 4 filing?
The transaction is coded as “S,” which generally denotes an open-market or private sale. However, the footnote clarifies the purpose was to cover tax withholding on vesting restricted stock units, framing the sale as a mechanical tax event rather than a typical market-driven share disposal.