Michael Karavitis - Apr 11, 2023 Form 4 Insider Report for CUTERA INC (CUTR)

Signature
/s/ Michael Karavitis
Stock symbol
CUTR
Transactions as of
Apr 11, 2023
Transactions value $
-$71,654
Form type
4
Date filed
4/13/2023, 04:45 PM
Previous filing
Apr 12, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUTR COMMON STOCK Award $0 +2.66K +3.61% $0.00 76.4K Apr 11, 2023 Direct F1
transaction CUTR COMMON STOCK Tax liability -$24.9K -918 -1.2% $27.07 75.5K Apr 11, 2023 Direct F2
transaction CUTR COMMON STOCK Award $0 +5K +6.62% $0.00 80.5K Apr 11, 2023 Direct F3
transaction CUTR COMMON STOCK Tax liability -$46.8K -1.73K -2.15% $27.07 78.8K Apr 11, 2023 Direct F4
* 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 Stock issued pursuant to the vesting of Performance Stock Units (PSUs) granted on February 20, 2022.
F2 Represents the total number of shares withheld by the Company to settle the Reporting Person's tax liability for 2,660 PSUs vesting on April 11, 2023. Such withholding is required by the Company's 2019 Equity Incentive Plan.
F3 Stock issued pursuant to the vesting of Performance Stock Units (PSUs) granted on July 20, 2021.
F4 Represents the total number of shares withheld by the Company to settle the Reporting Person's tax liability for 5,000 PSUs vesting on April 11, 2023. Such withholding is required by the Company's 2019 Equity Incentive Plan.