Form 4: Cardlytics Director Srishti A. Gupta Acquires Restricted Stock Units

Director Srishti A. Gupta acquired 6,148 restricted stock units (RSUs) of Cardlytics, Inc. on October 30, 2024, which will vest in full on the one-year anniversary of the grant date.

Summary

• Srishti A. Gupta, a director of Cardlytics, Inc. (CDLX), filed a Form 4 on November 4, 2024, reporting a transaction.
• On October 30, 2024, Gupta acquired 6,148 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of Cardlytics common stock or its cash equivalent, at the issuer's election.
• The RSUs will vest in full on the one-year anniversary of the grant date, provided Gupta remains a director of Cardlytics on that date.
• Following the transaction, Gupta directly owns 6,148 shares of common stock underlying the RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock units being granted to a director, which is neither particularly positive nor negative.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future.

Future Outlook

The RSUs will vest in full on the one-year anniversary of the grant date, provided that the Reporting Person remains a director of the Issuer on such vesting date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of RSUs by a director could be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates