Form 4: Cardlytics COO Amit Gupta Executes Stock Transactions to Cover Tax Obligations

Cardlytics' Chief Operating Officer, Amit Gupta, sold shares to cover tax obligations arising from the vesting of restricted stock units.

Summary

• Amit Gupta, the Chief Operating Officer of Cardlytics, Inc., engaged in transactions involving the company's common stock.
• On July 23, 2024, Gupta exercised restricted stock units (RSUs) converting them into 43,750 shares of common stock.
• On July 24, 2024, Gupta sold 22,699 shares of common stock at a weighted average price of $8.665 per share, with prices ranging from $8.335 to $9.03.
• The sales were solely to cover tax withholding obligations resulting from the vesting of the RSUs.
• Following these transactions, Gupta directly owns 150,569 shares of Cardlytics common stock and 87,500 restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects routine insider transactions related to tax obligations, which is neutral in sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and provides transparency into the trading activities of company executives. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates