Form 4: AudDia Inc. Director Timothy J. Hanlon Reports Stock Transactions
SEC Form 4 Filing
Director Timothy J. Hanlon reports the vesting and subsequent disposal of restricted stock units to cover tax obligations.
Summary
- On February 16, 2025, Timothy J. Hanlon, a director of AudDia Inc., reported transactions involving the company's common stock.
- Hanlon exercised 915 restricted stock units (RSUs), which converted into an equal number of common stock shares.
- Simultaneously, 275 shares were disposed of to satisfy tax withholding obligations at a price of $0.51 per share.
- Following these transactions, Hanlon directly owns 2,836 shares of AudDia Inc. common stock.
- The RSUs were granted on August 11, 2021, and vested in four equal installments starting February 16, 2022, contingent upon Hanlon's continued service on the board.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects routine insider transactions related to stock options and tax obligations.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. These filings provide transparency into the trading activities of company insiders and are monitored by investors for insights into management's perspective on the company's value and prospects.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 08/11/2021 | Reporting person was granted 3,660 restricted stock units (as adjusted for the Company's 1/25 reverse stock split effective 2/27/2024). |
| 02/16/2022 | First vesting date of the restricted stock units. |
| 02/27/2024 | Company's 1/25 reverse stock split effective date. |
| 02/16/2025 | Date of stock transactions: RSU exercise and tax withholding. |
| 02/19/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, AUDDIA INC., AUUD, Timothy J. Hanlon, Restricted Stock Units, Director, Stock Transactions
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.