VERRASTRO PAUL 4
Research Summary
AI-generated summary
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.