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Should You Worry That SentinelOne's COO Sold Stock? Here's How to Read It
['Jonathan Ponciano', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
Transaction summaryMetric Value Shares sold (directly held) 9,778 Transaction value $196,000 Post-transaction shares (directly held) 977,430 Post-transaction value $20.3 millionTransaction value based on SEC Form 4 weighted average sale price ($20.09); post-transaction value based on the August 6 market close ($20.76).
The sale was non-discretionary and initiated to fund tax withholding requirements triggered by the vesting and settlement of restricted stock units.
The sale was non-discretionary and initiated to fund tax withholding requirements triggered by the vesting and settlement of restricted stock units.
Padgett still sits on close to a million shares worth north of $20 million, so trimming 1% to hand the IRS its share is clearly bookkeeping.
But things are looking up: The firm raised operating income guidance to a range of $115 million to $125 million.