Form 4: Cardlytics Executive Lynton Nicholas Hollmeyer Reports Stock Transactions
SEC Form 4 Filing
Cardlytics' Chief Legal & Privacy Officer, Lynton Nicholas Hollmeyer, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On April 22, 2024, Lynton Nicholas Hollmeyer, Chief Legal & Privacy Officer of Cardlytics, Inc., had 682 restricted stock units (RSUs) vest.
- These RSUs represent a contingent right to receive one share of Cardlytics common stock each.
- On April 23, 2024, Hollmeyer sold 276 shares of common stock at a weighted average price of $12.758 per share, with prices ranging from $12.38 to $12.925.
- The sale was solely to satisfy tax withholding obligations resulting from the RSU vesting.
- Following these transactions, Hollmeyer directly owns 71,761 shares of Cardlytics common stock and 682 restricted stock units.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The transactions are related to standard executive compensation practices (RSU vesting).
- The sale of shares was explicitly to cover tax obligations, which is a common practice.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/20/2022 | 25% of the shares underlying the RSU award vested or will vest on this date. |
| 04/20/2023 | 25% of the shares underlying the RSU award vested or will vest on this date. |
| 04/22/2024 | Restricted stock units vested; Hollmeyer acquired 682 shares. |
| 04/23/2024 | Hollmeyer sold 276 shares to cover tax obligations. |
| 04/20/2024 | 25% of the shares underlying the RSU award vested or will vest on this date. |
| 04/20/2025 | 25% of the shares underlying the RSU award vested or will vest on this date. |
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