VERRASTRO PAUL 4
4 · CVRx, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
CVRx Chief Mktg & Strategy Officer Paul Verrastro Receives RSUs, Sells Shares
What Happened
Paul Verrastro, Chief Marketing & Strategy Officer at CVRx (CVRX), received two stock awards on Feb 27, 2026 totaling 112,000 restricted stock units (45,000 + 67,000) at $0.00 (awarded). He also sold 1,284 shares in an open-market sell on Mar 2, 2026 for a weighted average price of $7.90 per share, generating about $10,146. The sale was a sell-to-cover to satisfy tax withholding obligations; the awards are grants (not purchases).
Key Details
- Transactions: Feb 27, 2026 — Awards (A) of 45,000 and 67,000 RSUs at $0.00; Mar 2, 2026 — Sale (S) of 1,284 shares at a weighted avg $7.90 (sale prices ranged $7.90–$7.98).
- Sale proceeds: ~ $10,146 (1,284 × $7.90 weighted avg). Footnote states full price breakdown available on request.
- Reason for sale: Mandated sell-to-cover to satisfy tax withholding under the award agreement (footnote).
- Vesting: One award vests 25% on each annual anniversary of the grant (F1); the other vests 25% on Feb 27, 2027 and then 1/48th each month thereafter (F4).
- Shares owned after transaction: Total beneficial ownership after these actions is not specified in the provided excerpt of the Form 4.
- Filing timeliness: Form 4 filed Mar 3, 2026 — appears timely (within required two business days of the Feb 27 award and Mar 2 sale).
Context
These entries are primarily award grants (RSUs) and a routine sell-to-cover for taxes. RSU awards do not require cash outlay and vest over time; the small sale to cover taxes is common and does not by itself indicate a change in insider confidence.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-27+45,000→ 61,835 total - Sale
Common Stock
[F2][F3]2026-03-02$7.90/sh−1,284$10,146→ 60,551 total - Award
Stock Option (right to buy)
[F4]2026-02-27+67,000→ 67,000 totalExercise: $8.16Exp: 2036-02-26→ Common Stock (67,000 underlying)
Footnotes (4)
- [F1]Restricted stock units that vest as to 25% of the shares on each annual anniversary of the grant date.
- [F2]The sale was mandated by the issuer's award agreement to satisfy tax withholding obligations by a sell-to-cover transaction.
- [F3]Reflects the weighted average price of 1,284 shares of common stock of CVRx, Inc. sold by the reporting person in multiple transactions on March 2, 2026 with sale prices ranging from $7.90 to $7.98 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F4]Vests as to 25% of the shares on February 27, 2027 and as to 1/48th of the shares each month thereafter.