Mbugua Stanley 4
Research Summary
AI-generated summary
Datavault AI (DVLT) Chief Accounting Officer Mbugua Stanley Sells 50,463 Shares
What Happened
Mbugua Stanley, Datavault AI’s Chief Accounting Officer and Vice President of Finance, disposed of 50,463 shares in an open-market sale on March 24, 2026. The Form 4 lists the transaction as a sale (S) and reports proceeds of approximately $3,164. Footnote F1 states the shares were sold by the issuer on the reporting person’s behalf to satisfy tax obligations tied to vesting of equity awards (i.e., a withholding-related sale, not a discretionary sale by the insider).
Key Details
- Transaction date: 2026-03-24; Form 4 filed: 2026-03-26 (appears timely).
- Reported proceeds on the Form 4: $3,164 for 50,463 shares.
- Footnote F2: the price shown is a weighted-average; the footnote lists a price range of $0.6248–$0.6324 per share and says the reporting person will provide a breakdown on request. (This range appears inconsistent with the $0.06 per-share figure in the main line.)
- Footnote F1: sale was executed by the issuer to satisfy tax obligations related to vesting—classified as tax-withholding / non-discretionary.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Transaction code: S = Sale (with tax-withholding context per F1).
Context
This was a tax-withholding sale tied to vesting of equity awards, which is routine and does not necessarily reflect the insider’s view of the company. Purchases are generally more informative about insider sentiment; here the sale was performed by the issuer on the insider’s behalf to cover taxes. If you need the exact per-share breakdown, the filer’s F2 footnote commits to provide the number of shares sold at each price upon request.