Form 4: Identiv CFO Justin Scarpulla Disposes of Shares to Cover Tax Obligations

Identiv's Chief Financial Officer, Justin Scarpulla, disposed of 15,847 shares of common stock on April 15, 2025, to cover tax withholding obligations.

Summary

• On April 15, 2025, Justin Scarpulla, the Chief Financial Officer of Identiv, Inc., disposed of 15,847 shares of common stock.
• The transaction was executed to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs) granted under Identiv's 2011 Incentive Compensation Plan.
• The price per share for the transaction was $3.16.
• Following the transaction, Scarpulla beneficially owns 212,655 shares of Identiv common stock directly.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested equity compensation, which is a common practice.

Comparison to Industry Standards

• Equity compensation and subsequent tax-related share disposals are standard practice across publicly traded companies.
• Companies like NXP Semiconductors, Texas Instruments, and STMicroelectronics also utilize equity compensation plans, and their executives routinely file Form 4s related to share transactions for similar purposes.
• The scale of the transaction (15,847 shares) is relatively small compared to the overall holdings (212,655 shares) and is typical for covering tax liabilities on vested RSUs.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates

Keywords

Identiv, Scarpulla, CFO, Form 4, Share Disposal, Tax Withholding, Restricted Stock Units, INVE