MOATAZEDI DAVID 4
4 · Evolus, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Evolus (EOLS) CEO David Moatazedi Sells 13,669 Shares
What Happened David Moatazedi, President & Chief Executive Officer of Evolus (EOLS), sold 13,669 shares in an open-market transaction on March 20, 2026. The weighted-average sale price was $4.75 per share, producing approximately $64,929 in proceeds. The filing states the sales were made under a pre-established Rule 10b5-1 trading plan and represent shares sold to cover tax withholding on settled restricted stock units (RSUs).
Key Details
- Transaction date: 2026-03-20
- Transaction type: Sale (open market) under Rule 10b5-1
- Shares sold: 13,669
- Price: weighted average $4.75; individual trades ranged $4.7498–$4.775
- Proceeds: ~$64,929
- Shares owned after transaction: not disclosed in the Form 4 provided
- Footnotes: F1 — sale pursuant to 10b5-1 plan to cover tax withholding on RSU settlement; F2 — multiple trades, weighted-average price reported; reporting person will provide per-trade detail on request
- Filing timeliness: Reported on the same date as the transaction (2026-03-20), indicating a timely filing
Context This sale was executed under a 10b5-1 plan and described as tax-withholding related to RSU settlement, which is a common, routine reason for insider sales and does not necessarily reflect the insider’s view of the company’s prospects. Purchases by insiders are generally more indicative of positive conviction; sales for tax purposes are typically administrative.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-20$4.75/sh−13,669$64,929→ 604,700 total
Footnotes (2)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person and represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of restricted stock unit awards.
- [F2]The shares were sold in multiple trades at prices ranging from $4.7498 to $4.775. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.