Gatoff Steven 4
Research Summary
AI-generated summary
Inseego CFO Steven Gatoff Sells 3,872 Shares
What Happened
- Steven Gatoff, Chief Financial Officer of Inseego Corp. (INSG), had 3,872 shares withheld on 2026-07-15 to satisfy tax liabilities related to the vesting of restricted stock units (RSUs). The shares were valued at $7.86 each, totaling $30,434. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: 2026-07-15 at $7.86 per share.
- Shares withheld/disposed: 3,872; gross value of withheld shares: $30,434.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The withheld shares cover tax liabilities from an RSU grant dated 7/30/2024. The RSU vesting schedule was later modified from monthly vesting over four years to a quarterly schedule with a 7.5% acceleration (see footnote F1).
- Filing: Form 4 filed 2026-07-16 reporting the 7/15/2026 transaction (appears timely).
Context
- This was a routine tax-withholding event tied to RSU vesting (cashless withholding). Such transactions are administrative and don’t necessarily signal the insider’s view on company prospects. The underlying award was an RSU grant (not option exercise or market sale).