Form 4: Cardlytics Executive Lynton Nicholas Hollmeyer Reports Stock Transactions

Cardlytics' Chief Legal & Privacy Officer, Nicholas Hollmeyer Lynton, reports acquisition and disposal of common stock and restricted stock units to cover tax obligations.

Summary

• Nicholas Hollmeyer Lynton, Chief Legal & Privacy Officer of Cardlytics, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On October 1, 2024, Lynton acquired shares through the vesting of Restricted Stock Units (RSUs).
• Lynton disposed of 5,936 shares on October 2, 2024, at a weighted average price of $3.085 per share to cover tax withholding obligations.
• Following these transactions, Lynton directly owns 85,445 shares of Cardlytics common stock and a total of 89,356 Restricted Stock Units.
• The transactions included the vesting of RSUs from awards originally granted with vesting schedules extending over several years.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for market confidence and regulatory oversight.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are made by executives at comparable companies like LiveRamp and Epsilon, detailing their transactions in company stock.
• The reported transactions are typical for executives receiving stock-based compensation and selling shares to cover tax liabilities, aligning with common practices across the industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.
• Transparency through Form 4 filings helps maintain investor confidence.

Key Dates