Sullivan Keith J 4
4 · Neuronetics, Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Neuronetics (STIM) CEO Keith Sullivan Sells Shares
What Happened
Keith J. Sullivan, President, CEO and a director of Neuronetics, sold 40,976 shares in an open-market/private sale on February 10, 2026. The sales generated approximately $63,513 at a weighted average price of $1.55 per share. This was a sale (not a purchase) and is described in the filing as a non‑discretionary transaction to satisfy tax withholding obligations related to the vesting of restricted stock units.
Key Details
- Transaction date: 2026-02-10 (Form 4 filed 2026-02-12). No late filing is indicated in the provided information.
- Transaction type: Sale (code S); total shares sold: 40,976; weighted average price: $1.55; total proceeds ≈ $63,513.
- Price range: shares sold across prices from $1.45 to $1.60 (F2); weighted average reported (F2).
- Reason/footnote: Sale was non‑discretionary to satisfy the reporting person’s tax withholding upon RSU vesting (F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
This was a routine, tax‑related disposition of vested restricted stock units rather than an opportunistic market purchase or a sign of planned, ongoing sales. Such withholding sales are common for executives when equity awards vest; they reflect tax obligations rather than an explicit view on company prospects. If you want the exact post‑transaction ownership or a breakdown of how many shares sold at each price within the $1.45–$1.60 range, I can pull that detail from the full Form 4 upon request.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-02-10$1.55/sh−40,976$63,513→ 1,567,012 total
Footnotes (2)
- [F1]The sales reported in this Form 4 were non-discretionary sales to satisfy the Reporting Person's tax withholding obligation upon vesting of a portion of a restricted stock unit award.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $1.45 to $1.60. The Reporting Person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.