Form 4: GoodRx Holdings Officer Douglas Joseph Hirsch Reports Stock Transactions

Sentiment:

SEC Form 4 Filing


Douglas Joseph Hirsch, Chief Mission Officer at GoodRx Holdings, reports the vesting and conversion of restricted stock units and subsequent transactions involving Class A and Class B common stock.

Summary

  • Douglas Joseph Hirsch, Chief Mission Officer of GoodRx Holdings, filed a Form 4 detailing changes in beneficial ownership.
  • On September 1, 2024, Hirsch converted 256,595 restricted stock units into Class B common stock, which were then converted into Class A common stock.
  • Also on September 1, 2024, 130,043 Class B common stock were disposed of at a price of $7.9.
  • Additionally, 126,552 Class B common stock were converted to Class A common stock.
  • Following these transactions, Hirsch directly owns 126,552 shares of Class A Common Stock.
  • Hirsch also indirectly owns 2,632,721 shares of Class A Common Stock through the DH 2024 GRAT and 2,632,721 shares through the CH 2024 GRAT.
  • He also directly owns 256,595 derivative securities (Class B Common Stock) and 126,552 Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company officer. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in the officer's holdings.
  • The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

DateDescription
09/01/2020Commencement date for vesting of restricted stock units in 16 equal quarterly installments.
09/01/2024Date of the reported transactions: conversion of restricted stock units, disposal of Class B common stock, and conversion of Class B to Class A common stock.
09/03/2024Date of the Form 4 filing.
09/25/2027Date upon which Class B common stock is convertible to Class A common stock.

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