Form 4: Definitive Healthcare Corp. COO Reports Stock Transactions
SEC Form 4 Filing
Kate Marie Shamsuddin, COO of Definitive Healthcare Corp., reports acquisition and disposal of Class A Common Stock due to vesting of restricted stock units and tax withholding.
Summary
- Kate Marie Shamsuddin, the Chief Operating Officer of Definitive Healthcare Corp., filed a Form 4 detailing changes in beneficial ownership of the company's Class A Common Stock.
- On January 21, 2025, 56,221 shares were acquired at $0 due to the vesting of performance-based restricted stock units (PSUs).
- Also on January 21, 2025, 5,331 shares were disposed of at $4.41 to cover tax withholding obligations related to PSU vesting.
- On February 1, 2025, 16,342 shares were disposed of at $4.86 to cover tax withholding obligations related to restricted stock unit vesting.
- Following these transactions, Shamsuddin directly owns 462,063 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to stock-based compensation and tax obligations.
Future Outlook
The PSUs will vest in three substantially equal installments as to 1/3rd on January 21, 2025, 1/3rd on February 1, 2026, and the remaining 1/3rd on February 1, 2027 and will be settled pursuant to the terms of the Issuer's 2021 Equity Incentive Plan (as amended from time to time), in each case subject to the Reporting Person's continued service with the Issuer through each such vesting date.
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 to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they primarily reflect internal compensation mechanisms.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Acquisition of 56,221 shares due to PSU vesting and disposal of 5,331 shares for tax withholding. |
| 02/01/2025 | Disposal of 16,342 shares for tax withholding related to restricted stock unit vesting. |
| 02/01/2026 | 1/3rd of PSUs will vest. |
| 02/01/2027 | Remaining 1/3rd of PSUs will vest. |
| 02/04/2025 | Date of Form 4 signature. |
Keywords
Form 4, Beneficial Ownership, Definitive Healthcare Corp., DH, Kate Marie Shamsuddin, Chief Operating Officer, Class A Common Stock, Restricted Stock Units, Tax Withholding, Vesting
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