Newquist Kirsten F. 4/A
Research Summary
AI-generated summary
Identiv (INVE) CEO Kirsten Newquist Sells 18,917 Shares
What Happened
- Kirsten F. Newquist, CEO of Identiv, had 18,917 shares disposed (withheld) to satisfy tax withholding obligations tied to the vesting/settlement of performance-based restricted stock units. The shares were valued at $3.51 each, totaling approximately $66,399. The transaction date (period of report) is February 24, 2025; this Form 4/A was filed April 17, 2026 to correct prior reporting.
Key Details
- Transaction date: 2025-02-24; price: $3.51 per share; disposed: 18,917 shares; total value ≈ $66,399.
- Transaction code: F — tax withholding (shares withheld to cover withholding taxes on vested RSUs).
- Footnote F1: Withholding relates to performance-based RSUs granted under the Issuer’s 2011 Incentive Compensation Plan.
- Footnote F2 / Amendment: This Form 4/A amends the original Form 4 (filed Feb 26, 2025) to correct the number of shares withheld and the reported beneficial ownership. Prior Forms 4 filed from Mar 17, 2025 through Mar 4, 2026 understated post-transaction beneficial ownership by 8,318 shares; the amended filing updates that amount.
- Shares owned after transaction: updated in this amended filing (amendment increases previously reported beneficial ownership by 8,318 shares vs. earlier filings).
Context
- This was a routine tax-withholding (sell-to-cover) related to RSU vesting, not an open-market sale intended to realize gains. Such withholdings are common and do not necessarily signal the insider’s view of the company’s prospects.
- The original Form 4 was filed shortly after the transaction; this amendment corrects reporting quantities and beneficial ownership figures.