Form 4: Alarm.com CEO Stephen Trundle Reports Stock Transactions

Alarm.com's CEO, Stephen Trundle, reports a charitable contribution and a sale of shares to cover tax obligations related to vested RSUs.

Summary

• On March 1, 2024, Stephen Trundle, CEO of Alarm.com Holdings, Inc., made a charitable contribution of 5,000 shares of common stock.
• On April 2, 2024, Trundle sold 3,217 shares of common stock at $70 per share to cover tax withholding obligations related to the settlement of vested RSUs.
• Following these transactions, Trundle directly owns 234,449 shares of Alarm.com common stock.
• Trundle also indirectly owns 1,289,343 shares through Backbone Partners, LLC, 259,687 shares through the Stephen Trundle 2015 Gift Trust, and 9,862 shares through the Footings Advancement Trust.
• Trundle disclaims beneficial ownership of shares held by Backbone Partners, LLC, the Stephen Trundle 2015 Gift Trust, and the Footings Advancement Trust, except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The charitable contribution of 5,000 shares could be viewed positively from a corporate social responsibility perspective.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. Investors often monitor these filings for insights into management's view of the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small.

Key Dates