Form 4: Brightcove CEO Marc DeBevoise Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Brightcove CEO Marc DeBevoise reports the withholding of shares by the issuer to cover taxes associated with the settlement of restricted stock units.
Summary
- On March 10, 2024, Brightcove CEO Marc DeBevoise had 53,094 shares of common stock withheld by the issuer to cover taxes.
- The price per share was $1.95.
- Following the transaction, DeBevoise directly owns 1,122,868 shares of Brightcove common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as executives and directors. This allows investors to monitor their trading activity and assess their alignment with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of the stock transaction (tax withholding) |
| 03/11/2024 | Date of signature for the Form 4 filing |
Keywords
Form 4, Brightcove, BCOV, DeBevoise, Stock Transaction, Beneficial Ownership, CEO, Tax Withholding, Restricted Stock Units
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