Harned Timothy Heydenreich 4
Research Summary
AI-generated summary
Vuzix Director Timothy Harned Sells 10,000 Shares
What Happened
Harned Timothy Heydenreich (Director) reported an open-market sale of 10,000 Vuzix Corp (VUZI) shares on 2026-05-21. The weighted average sale price was $4.73 (range $4.69–$4.75), producing gross proceeds of approximately $47,300. Per the filing footnote, the shares were sold to cover the reporting person's tax liability upon the vesting of equity compensation.
Key Details
- Transaction date: 2026-05-21 (reported same day).
- Price: Weighted average $4.73; prices ranged $4.69–$4.75 (footnote F2).
- Shares sold: 10,000; Gross proceeds ≈ $47,300.
- Reason: Sale to cover tax withholding on vested equity (footnote F1).
- Shares owned after transaction: Not specified in the provided filing summary.
- Filing timeliness: No late filing indicated (Period of Report and Filed date are 2026-05-21).
- Transaction code: S = Sale.
Context
Tax-withholding sales tied to vesting are common and typically routine liquidity events to satisfy tax obligations; they do not necessarily indicate the insider’s view on the company’s prospects. Footnote F2 notes the reported sale price is a weighted average across multiple transactions; exact allocations by price are available from the SEC staff, the issuer, or any security holder upon request.