Castlight Health (CSLT) executive Chan sold 7,629 shares for $13.6K at $1.78
Stocks in this Quantisnow insightHealth Care
Insider transactions reported
M.P. Eric Chan (executive at Castlight Health Inc., CSLT) reported that they sold 7,629 shares for $13.6K at $1.78, and acquired 20,626 shares between Nov 16, 2021 and Nov 17, 2021. After these transactions the filing shows 126,058 shares held directly.
- Reporting person
- Chan M.P. Eric
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Nov 16, 2021 | Exercise or conversion of a derivative (M) | Class B Common Stock | +20,626 | - | - | 133,687 direct |
| Nov 17, 2021 | Open-market sale (S) | Class B Common Stock1, 2 | -7,629 | $1.78 | $13.6K | 126,058 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Nov 16, 2021 | Exercise or conversion of a derivative (M) | Restricted Stock Units (RSU)On 20,626 Class B Common Stock3, 4, 5, ... | -20,626 | - | - | 81,250 direct |
Holdings before and after
- Class B Common Stock: 113,061 to 126,058 direct
- Restricted Stock Units (RSU): 4,688 to 81,250 direct
Footnotes from the filing
- 1. Represents the aggregate number of shares sold by the Reporting Person to cover taxes and fees due upon the release and settlement of the RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
- 2. Represents the weighted average sales price per share. The shares sold at prices ranging from $1.76 to $1.83 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- 3. Each RSU represents a contingent right to receive one (1) share of the Class B Common Stock upon settlement for no consideration.
- 4. 1/4th of the RSUs vested on November 16, 2018, and the remainder will vest 1/16th quarterly over three years in equal installments, subject to the continuing service of the Reporting Person on each vesting date.
- 5. 1/16th of the RSUs vested on May 16, 2018, and the remainder will vest 1/16th quarterly in equal installments, subject to the continuing service of the Reporting Person on each vesting date.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Chan report in this CSLT Form 4?
M.P. Eric Chan (executive at Castlight Health Inc., CSLT) reported that they sold 7,629 shares for $13.6K at $1.78, and acquired 20,626 shares between Nov 16, 2021 and Nov 17, 2021. After these transactions the filing shows 126,058 shares held directly.
How many CSLT shares does Chan hold after this filing?
The filing shows 126,058 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this CSLT insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for CSLT
Earlier insider filings at CSLT
- Nov 19, 2021SEC Form 4: Bondurant William converted options into 59,574 units of Class B Common Stock and sold $39,162 worth of Class B Common Stock (22,114 units at $1.77), increasing direct ownership by 12% to 355,661 units
- Oct 8, 2021SEC Form 4: O'Meara Maeve converted options into 5,000 units of Class B Common Stock, increasing direct ownership by 0.33% to 1,538,708 units
- Aug 18, 2021SEC Form 4: Chan M.P. Eric converted options into 20,625 units of Class B Common Stock and sold $13,210 worth of Class B Common Stock (7,739 units at $1.71), increasing direct ownership by 13% to 113,061 units
- Aug 18, 2021SEC Form 4: Bondurant William converted options into 60,824 units of Class B Common Stock and sold $38,930 worth of Class B Common Stock (22,781 units at $1.71), increasing direct ownership by 14% to 318,201 units
- Aug 18, 2021SEC Form 4 filed by Castlight Health, inc.
Quantisnow market dataNYSE
CSLT
Castlight Health Inc.
- Market cap
- 30-day
- Sector
- Health Care
- Industry
- Managed Health Care
- Listed since
- 2014
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