Form 4: Cardlytics COO Amit Gupta Reports Stock Transactions
SEC Form 4 Filing
Cardlytics' Chief Operating Officer, Amit Gupta, reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- Amit Gupta, the Chief Operating Officer of Cardlytics, Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
- On April 23, 2024, Gupta acquired 43,750 shares of common stock through the vesting of RSUs.
- On April 24, 2024, Gupta sold 23,416 shares of common stock at an average price of $11.91 to satisfy tax withholding obligations.
- Following these transactions, Gupta directly owns 122,676 shares of Cardlytics common stock and 131,250 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares by an executive, but the impact is likely minimal given the context of tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | RSUs vested, resulting in the acquisition of 43,750 shares. |
| 04/24/2024 | 23,416 shares were sold to cover tax obligations at an average price of $11.91. |
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