Form 4: Cardlytics Executive Lynton Nicholas Hollmeyer Reports Stock Transactions

Cardlytics' Chief Legal & Privacy Officer, Lynton Nicholas Hollmeyer, reports the vesting and sale of common stock to cover tax obligations.

Summary

• On April 1, 2024, Lynton Nicholas Hollmeyer, Chief Legal & Privacy Officer of Cardlytics, Inc., exercised restricted stock units (RSUs) and acquired common stock.
• The transactions involved the vesting of RSUs from multiple awards, including 1,578 shares, 25,000 shares, 581 shares, and 807 shares.
• On April 2, 2024, Hollmeyer sold 12,401 shares at a weighted average price of $13.69 and 59 shares at a weighted average price of $14.41.
• These sales were solely to satisfy withholding tax obligations resulting from the vesting of the RSUs.
• Following these transactions, Hollmeyer directly owns 71,355 shares of Cardlytics common stock and holds derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation and tax obligations. There's no indication of a significant change in the executive's view of the company.

Positives

• The transactions are related to the vesting of previously granted RSUs, indicating a continued compensation structure for the executive.
• The sale of shares was explicitly for tax obligations, suggesting no change in the executive's long-term outlook on the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they are related to routine executive compensation and tax obligations.

Key Dates