DeOliveira Erick 4
Research Summary
AI-generated summary
zSpace (ZSPC) CFO Erick DeOliveira Sells Shares
What Happened
- Erick DeOliveira, Chief Financial Officer of zSpace, sold a total of 13,066 shares on April 7, 2026 in two open-market dispositions. The reported prices are $0.07 per share (weighted average), with proceeds of approximately $967 (10,534 shares for ~$780 and 2,532 shares for ~$187). The filing indicates these sales were to cover tax obligations arising from a prior restricted stock unit (RSU) vesting.
Key Details
- Transaction date: April 7, 2026; Form 4 filed April 8, 2026 (timely; Form 4s are generally due within two business days).
- Reported disposals: 10,534 shares @ $0.07 ($780) and 2,532 shares @ $0.07 ($187); total 13,066 shares for ~ $967.
- Price detail: $0.07 is a weighted average; actual sales occurred at prices ranging from $0.0702 to $0.0790 per share (footnote says full breakdown available on request).
- Reason: Footnote states sales were to cover tax withholding related to RSU vesting (tax withholding/disposition).
- Shares owned after transaction: Not specified in the excerpt provided (not reported here).
Context
- These were sales to satisfy tax obligations from a prior equity award vesting—common, routine insider transactions tied to withholding rather than directional investment decisions.
- No option exercises, gifts, or 10% owner transactions are indicated in this filing excerpt.