Michael Karavitis - Apr 1, 2023 Form 4 Insider Report for CUTERA INC (CUTR)

Signature
/s/ Michael Karavitis
Stock symbol
CUTR
Transactions as of
Apr 1, 2023
Transactions value $
-$799
Form type
4
Date filed
4/4/2023, 03:21 PM
Previous filing
Mar 2, 2023
Next filing
Apr 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUTR COMMON STOCK Tax liability -$799 -34 -0.05% $23.50 69.5K Apr 1, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the total number of shares withheld by the Company to settle the Reporting Person's tax liability for 100 Restricted Stock Units vesting on April 1, 2023. Such withholding is required by the Company's 2019 Equity Incentive Plan.