Form 4: Cardlytics CEO Sells Shares to Cover Tax Obligations After RSU Vesting

Cardlytics CEO Amit Gupta sold 15,160 shares of common stock at an average price of $3.92 to cover tax obligations following the vesting of restricted stock units.

Summary

• Cardlytics CEO Amit Gupta exercised 43,750 restricted stock units (RSUs) on January 23, 2025.
• Following the vesting, Mr. Gupta sold 15,160 shares of common stock on January 24, 2025, at a weighted average price of $3.92 per share.
• The sales were solely to cover tax withholding obligations arising from the RSU vesting.
• The price of the shares sold ranged from $3.80 to $4.02.
• After these transactions, Mr. Gupta directly owns 215,494 shares of Cardlytics common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. There is no indication of any negative or positive sentiment. The sale is for tax purposes and not a reflection of the CEO's view of the company's prospects.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• The vesting and subsequent sale of shares to cover tax obligations is a standard practice among publicly traded companies.
• Many technology companies use RSUs as part of their executive compensation packages, and similar transactions are frequently reported by executives at companies like Google (Alphabet), Meta (Facebook), and Amazon.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on the stock price, but it is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Cardlytics, CDLX, insider trading, Form 4, restricted stock units, RSU, executive compensation, stock sale, tax obligations, Amit Gupta