Form 4: Cardlytics CEO Amit Gupta Reports Stock Transactions
SEC Form 4 Filing
Cardlytics CEO Amit Gupta reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On April 1, 2025, Amit Gupta, CEO of Cardlytics, Inc., had 14,350 restricted stock units (RSUs) vest, which converted into common stock.
- Following the vesting, Gupta sold 7,342 shares of common stock on April 2, 2025, at a weighted average price of $1.806 per share.
- The sale was solely to cover tax withholding obligations resulting from the RSU vesting.
- After these transactions, Gupta directly owns 371,080 shares of Cardlytics common stock and 57,398 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of insider transactions for tax purposes.
Industry Context
This is a routine disclosure of insider transactions, common for executives who receive stock-based compensation. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | First vesting date of the RSU award. |
| 10/01/2024 | Second vesting date of the RSU award. |
| 01/01/2025 | Third vesting date of the RSU award. |
| 04/01/2025 | RSUs vested and converted to common stock. |
| 04/01/2025 | Fourth vesting date of the RSU award. |
| 04/02/2025 | Shares sold to cover tax obligations. |
| 07/01/2025 | Fifth vesting date of the RSU award. |
| 10/01/2025 | Sixth vesting date of the RSU award. |
| 01/01/2026 | Seventh vesting date of the RSU award. |
| 04/01/2026 | Eighth vesting date of the RSU award. |
| 04/03/2025 | Date of Form 4 filing. |
Keywords
Cardlytics, CDLX, Amit Gupta, Form 4, Stock Sale, Restricted Stock Units, RSU, Insider Trading, Beneficial Ownership
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