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Datavault AI Responds To Shareholder Inquiries, Clarifies Insider Sales Were To Offset And Cover The Tax Obligations Arising From The Vesting Of Those Incentive Share Grants; Reporting Officers Themselves Have Not Sold Any Of Their Incentive Shares
The officers, under whose names the September 2 filings were made, continue to hold all of their DVLT shares.
Datavault AI Inc. (NASDAQ:DVLT), a pioneer in AI-driven data monetization, today responded to shareholder inquiries concerning recent ‘insider' stock sales filed September 2 with the SEC on Form 4.
The Company is clarifying that those sales were made by the Company on those officers' behalf to offset and cover the tax obligations arising from the vesting of those incentive share grants. The reporting officers themselves have not sold any of their incentive shares.
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