Form 4: Cardlytics CEO Karim Temsamani Sells Shares to Cover Tax Obligations

Cardlytics CEO Karim Saad Temsamani sold shares of common stock on March 4, 2024, to cover withholding tax obligations related to the vesting of restricted stock units (RSUs).

Summary

• Cardlytics, Inc. CEO Karim Saad Temsamani sold 34,515 shares of common stock on March 4, 2024, at a weighted average price of $7.89.
• The sale was executed to satisfy withholding tax obligations resulting from the vesting of 84,078 restricted stock units (RSUs) on March 1, 2024.
• Temsamani also acquired 84,078 shares of common stock through the vesting of these RSUs on March 1, 2024.
• Following these transactions, Temsamani directly owns 327,298 shares of Cardlytics common stock and 840,789 derivative securities (RSUs).

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (stock sale for tax obligations) and doesn't inherently indicate positive or negative sentiment. It's a neutral event in the context of executive compensation.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. It's important to consider the context of these sales, such as the reason for the sale and the overall trend of insider transactions, to assess their potential impact on investor sentiment.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale (tax obligations).

Key Dates