MACAN WILLIAM ANDREW 4
Research Summary
AI-generated summary
Neuronetics (STIM) EVP William A. Macan Sells 3,427 Shares
What Happened
- William A. Macan, EVP, Chief Legal Officer and Corporate Secretary of Neuronetics, sold 3,427 shares on 2026-02-26 in an open-market/private sale. The weighted-average price reported was $1.35 per share for aggregate proceeds of approximately $4,626. This transaction was a sale to satisfy tax withholding related to the vesting of restricted stock units (RSUs), not an opportunistic purchase.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-02-27.
- Shares sold: 3,427; weighted-average price: $1.35; price range across trades: $1.38 to $1.31; proceeds ≈ $4,626.
- Reason: Non-discretionary sales to satisfy tax withholding upon RSU vesting (footnote F1).
- Footnote F2: price is a weighted-average; the filer can provide the number of shares sold at each price within the $1.31–$1.38 range on request.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Timeliness: Filing appears timely (transaction date 2/26/2026, filed 2/27/2026).
Context
- Sales to cover tax withholding on vested RSUs are common and typically procedural rather than a market-sentiment signal. No purchase, option exercise, or 10b5-1 plan is indicated in the filing excerpt.