Form 4: Definitive Healthcare Executive Chairman Sells Shares to Cover Tax Obligations

Executive Chairman Jason Ronald Krantz sold 4,093 shares of Definitive Healthcare to cover tax obligations related to vesting RSUs.

Summary

• Jason Ronald Krantz, Executive Chairman of Definitive Healthcare Corp., sold 4,093 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 related to the vesting of previously reported Restricted Stock Units (RSUs).
• Following the transaction, Krantz directly owns 867,404 shares of Class A Common Stock.
• Krantz also indirectly owns 450,000 shares through a trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine transaction for executives to manage their tax liabilities related to equity compensation. It is common for executives to sell shares to cover taxes when RSUs vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 4,093 shares is relatively small compared to the total holdings of the executive, which is typical for tax-related transactions.
• Similar transactions are regularly reported by executives at other companies in the technology and healthcare sectors.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Definitive Healthcare, Jason Ronald Krantz, Executive Chairman, stock sale, Form 4, tax obligations, RSUs, share transaction