MOATAZEDI DAVID 4

What Happened David Moatazedi, President & Chief Executive Officer of Evolus (EOLS), sold 13,669 shares in an open-market transaction on March 20, 2026. The weighted-average sale price was $4.75 per share, producing approximately $64,929 in proceeds. The filing states the sales were made under a pre-established Rule 10b5-1 trading plan and represent shares sold to cover tax withholding on settled restricted stock units (RSUs).

Key Details

• Transaction date: 2026-03-20
• Transaction type: Sale (open market) under Rule 10b5-1
• Shares sold: 13,669
• Price: weighted average $4.75; individual trades ranged $4.7498–$4.775
• Proceeds: ~$64,929
• Shares owned after transaction: not disclosed in the Form 4 provided
• Footnotes: F1 — sale pursuant to 10b5-1 plan to cover tax withholding on RSU settlement; F2 — multiple trades, weighted-average price reported; reporting person will provide per-trade detail on request
• Filing timeliness: Reported on the same date as the transaction (2026-03-20), indicating a timely filing

Context This sale was executed under a 10b5-1 plan and described as tax-withholding related to RSU settlement, which is a common, routine reason for insider sales and does not necessarily reflect the insider’s view of the company’s prospects. Purchases by insiders are generally more indicative of positive conviction; sales for tax purposes are typically administrative.