Nouri Alaleh 4
Research Summary
AI-generated summary
PROCEPT (PRCT) EVP Nouri Alaleh Sells 285 Shares
What Happened Nouri Alaleh, EVP, Chief Legal Officer and Corporate Secretary of PROCEPT BioRobotics (PRCT), sold 285 shares on 2026-06-08 at $28.48 per share, receiving $8,117. The filing reports this as an S (sale) transaction and the shares were disposed to satisfy tax withholding obligations related to recently vested restricted stock units (RSUs).
Key Details
- Transaction date and price: 2026-06-08, 285 shares at $28.48 each (total $8,117).
- Filing date: Form 4 filed on 2026-06-10 (two days after the transaction; appears timely).
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: The sale was part of the issuer’s sell-to-cover process to satisfy tax withholding for RSUs that vested on June 5, 2026 (Footnote F1).
- Transaction type: Sale for tax withholding (routine), not an open-market buy or a forward-looking purchase signal.
Context Sell-to-cover transactions are common when RSUs vest: the company or insider sells a portion of the shares to pay taxes rather than paying cash. These routine tax-related sales generally do not indicate the insider’s view of the company’s prospects.