Donovan Sean 4
4 · BETA Technologies, Inc. · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
BETA COO Sean Donovan Sells 19,008 Shares
What Happened
Sean Donovan, Chief Operating Officer of BETA Technologies (BETA), sold 19,008 shares on 2026-05-07 in an open-market/private sale. The Form 4 reports a weighted average price of $18.12 per share, for total proceeds of approximately $344,455. The filing notes this was a mandatory sale to cover tax liability arising from the settlement of performance-based restricted stock units (RSUs).
Key Details
- Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed within the SEC’s two-business-day window).
- Transaction type/code: Sale (S), open-market/private sale.
- Reported weighted average price: $18.12 per share; reported trade price range: $17.6100 to $19.6099 (multiple trades).
- Total proceeds: ~$344,455.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnotes: F1 indicates a mandatory sale to cover tax withholding for settled performance RSUs. F2 explains the $18.12 figure is a weighted average and that the filer can provide a breakdown of shares sold at each price on request.
Context
This sale was a tax-withholding/settlement-related disposition of RSU shares rather than an opportunistic open-market trade, which is common when performance awards vest. Such mandatory tax-withholding sales do not necessarily indicate management’s view of the company’s prospects.
Insider Transaction Report
- Sale
Class A common stock
[F1][F2]2026-05-07$18.12/sh−19,008$344,455→ 176,195 total
Footnotes (2)
- [F1]Mandatory sale to cover tax liability associated with the settlement of performance-based restricted stock units.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.6100 to $19.6099, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2 to this Form 4.