Form 4: Definitive Healthcare CFO Sells Shares to Cover Tax Obligations

Definitive Healthcare's Chief Financial Officer, Richard Douglas Booth, sold 1,501 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Richard Douglas Booth, the Chief Financial Officer of Definitive Healthcare Corp., sold 1,501 shares of Class A Common Stock on December 14, 2024.
• The sale was executed at a price of $4.49 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of previously reported restricted stock units.
• Following the transaction, Mr. Booth directly owns 591,258.173 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions by executives at other firms.
• The number of shares sold and the price are specific to this transaction and do not provide a direct comparison to other companies without further context.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Definitive Healthcare, Richard Douglas Booth, CFO, Class A Common Stock, stock sale, tax obligations, restricted stock units, insider trading