Health Catalyst (HCAT) CFO Jason Alger Sells 17,973 Shares to Cover Taxes

What Happened

Jason Alger, Chief Financial Officer of Health Catalyst, reported a sale of 17,973 shares on 2026-09-01 at $1.70 per share, generating proceeds of approximately $30,619. The transaction is a "sell to cover" tied to the vesting of the company's restricted stock units (RSUs) and was executed to satisfy tax withholding obligations rather than as a discretionary open-market sale.

Key Details

• Transaction date: 2026-09-01; Price: $1.70 per share; Total proceeds: ~$30,619.
• Transaction type/code: F — tax withholding via sell-to-cover of RSUs.
• Footnote: The sale was mandated to cover tax withholding on vested RSUs (Footnote F1) and does not represent a discretionary trade by the reporting person.
• Filing date: 2026-09-03 (Form 4 accession 0001839111-26-000004). The filing covers the 2026-09-01 transaction; no late-filing flag is indicated in the provided excerpt.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

A "sell to cover" is common when RSUs vest: the company or broker sells a portion of the vested shares to pay required taxes, so the insider does not need to fund withholding from personal cash. Such transactions are routine and generally not read as a directional signal about the insider's view of the stock.