Sullivan Keith J 4
4 · Neuronetics, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Neuronetics (STIM) Former Officer Keith J. Sullivan Sells Shares
What Happened
- Keith J. Sullivan, a former officer and director of Neuronetics, sold 46,289 shares on 2026-03-19 in open-market/private sales. The weighted-average price was $1.34 per share, resulting in gross proceeds of approximately $62,027. The filing reports these sales were to satisfy tax withholding on vested performance restricted stock units.
Key Details
- Transaction date: 2026-03-19; Form 4 filed: 2026-03-24 (filed 5 days after the transaction).
- Shares sold: 46,289; weighted-average price: $1.34; total proceeds: ~$62,027.
- Reported price range: $1.48 to $1.20 per share (sales occurred in multiple transactions).
- Reason: Non-discretionary sales to satisfy tax withholding upon vesting of performance RSUs (Footnote F1).
- Footnote F2: Holder can provide breakdown of shares sold at each price within the stated range upon request.
- Shares owned after the transaction: not reported in the supplied filing details.
Context
- These sales were tax-withholding related (routine disposition tied to vesting), not a discretionary open-market sell decision; such transactions typically reflect administrative needs rather than a direct signal about the insider’s view of the stock.
Insider Transaction Report
Form 4Exit
Sullivan Keith J
Other
Transactions
- Sale
Common Stock
[F1][F2]2026-03-19$1.34/sh−46,289$62,027→ 1,590,924 total
Footnotes (2)
- [F1]The sales reported in this Form 4 were non-discretionary sales to satisfy the Reporting Person's tax withholding obligation upon vesting of a portion of a performance restricted stock unit award.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $1.48 to $1.20. The Reporting Person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Signature
/s/ Patrick Devine, as Attorney-in-Fact|2026-03-24