Form 4: Cardlytics COO Amit Gupta Reports Stock Transactions

Cardlytics' Chief Operating Officer, Amit Gupta, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On July 1, 2024, Amit Gupta, the Chief Operating Officer of Cardlytics, Inc., had 14,349 restricted stock units (RSUs) vest.
• These RSUs represent a contingent right to receive one share of Cardlytics common stock each.
• Following the vesting, Gupta sold 7,507 shares of common stock on July 2, 2024, at a weighted average price of $7.953 per share.
• The sales were solely to cover tax withholding obligations resulting from the RSU vesting.
• After these transactions, Gupta directly owns 129,518 shares of Cardlytics common stock and 100,447 restricted stock units.
• The remaining RSUs will vest in equal installments on October 1, 2024, January 1, 2025, April 1, 2025, July 1, 2025, October 1, 2025, January 1, 2026 and April 1, 2026, contingent upon continued employment.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The remaining RSUs will vest in eight equal installments through April 1, 2026, contingent upon continued employment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It's a standard practice for publicly traded companies.

Key Dates