MACAN WILLIAM ANDREW 4
Research Summary
AI-generated summary
Neuronetics (STIM) EVP/CLO William Macan Sells 16,005 Shares
What Happened
- William Macan, EVP, Chief Legal Officer and Corporate Secretary of Neuronetics, sold 16,005 shares on March 19, 2026. The weighted-average sale price reported was $1.34 per share for total proceeds of approximately $21,447. The filing identifies the sales as non‑discretionary transactions to satisfy tax withholding upon vesting of a portion of a performance restricted stock unit award.
Key Details
- Transaction date: 2026-03-19; filing date (Form 4): 2026-03-24 (appears to be filed one business day late).
- Reported price: weighted average $1.34; per-share prices in the sales ranged from $1.48 to $1.20 (multiple transactions).
- Shares sold: 16,005; total proceeds ≈ $21,447.
- Footnote: F1 states sales were to satisfy tax withholding on PRSU vesting; F2 notes the weighted-average price and offers to provide a breakdown of shares sold at each price on request.
- Shares owned after the transaction were not included in the provided excerpt.
Context
- This sale appears to be a routine, non‑discretionary tax‑withholding disposition tied to equity vesting rather than an outright investment decision. Such withholding sales are common and do not necessarily signal insider sentiment about the company's prospects.