Form 4: Definitive Healthcare Corp. Executive Chairman Reports Stock Transactions
SEC Form 4 Filing
Jason Ronald Krantz, Executive Chairman of Definitive Healthcare Corp., reports acquisition and disposal of Class A Common Stock related to restricted stock units.
Summary
- On February 14, 2025, Jason Ronald Krantz, the Executive Chairman of Definitive Healthcare Corp., acquired 16,479 shares of Class A Common Stock upon the vesting of restricted stock units (RSUs).
- On the same day, 7,471 shares were withheld by the Issuer to cover tax obligations related to the RSU vesting at a price of $5.55 per share.
- Following these transactions, Krantz directly owns 975,403 shares of Class A Common Stock.
- Krantz also indirectly owns 450,000 shares through DH Holdings (fka Jason R. Krantz 2009 Trust), where he is the beneficiary.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to executive compensation. There's no indication of significant positive or negative implications for the company.
Positives
- The vesting of RSUs indicates a form of compensation and alignment of interests between the executive and the company's performance.
Negatives
- The disposal of shares to cover tax obligations could be perceived as a slight dilution of holdings, although it's a standard practice.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- Similar filings are common among executives at comparable healthcare data and analytics companies, such as Veeva Systems and IQVIA, when they exercise stock options or receive restricted stock grants.
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 |
|---|---|
| 02/14/2025 | Date of transaction: Acquisition of shares via RSU vesting and disposal of shares for tax obligations. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
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