Form 4: Leafly CFO Reports Routine Share Disposition for Tax Withholding on RSU Vesting
Insider Transaction Report
Leafly Holdings, Inc.'s Chief Financial Officer, Suresh Krishnaswamy, reported the disposition of shares to cover tax obligations related to the accelerated vesting of restricted stock units.
Summary
- Suresh Krishnaswamy, Chief Financial Officer of Leafly Holdings, Inc. (LFLY), filed a Form 4 with the SEC reporting changes in his beneficial ownership.
- On June 11, 2025, a total of 386 shares of Common Stock were disposed of by Mr. Krishnaswamy.
- Specifically, 275 shares and 111 shares were withheld by Leafly Holdings, Inc. at a price of $0.2 per share.
- These dispositions were made to satisfy withholding taxes due in connection with the accelerated vesting of restricted stock units (RSUs).
- The RSUs were originally granted to Mr. Krishnaswamy on August 17, 2022, and October 6, 2022.
- Following these reported transactions, Mr. Krishnaswamy directly beneficially owns 38,313 shares of Leafly Holdings, Inc. Common Stock.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction (shares withheld for tax purposes upon RSU vesting). It is a neutral event with no direct positive or negative implications for the company's operational or financial performance.
Future Outlook
The document is a standard regulatory filing for insider transactions and does not contain any forward-looking statements or guidance regarding the company's future performance, strategic plans, or financial outlook.
Industry Context
This Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is a common occurrence across all industries for publicly traded companies. It does not provide specific insights into broader industry trends or the competitive landscape within the cannabis technology sector where Leafly operates.
Stakeholder Impact
- This transaction is a routine administrative event related to executive compensation and tax compliance. It has no direct material impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| August 17, 2022 | Grant date of certain restricted stock units (RSUs) to Suresh Krishnaswamy. |
| October 6, 2022 | Grant date of certain restricted stock units (RSUs) to Suresh Krishnaswamy. |
| June 11, 2025 | Transaction date for the disposition of shares to satisfy tax withholding on RSU vesting. |
| June 13, 2025 | Date the Form 4 was signed and filed with the SEC. |
Keywords
Leafly Holdings, LFLY, Form 4, SEC filing, insider transaction, restricted stock units, RSU vesting, tax withholding, Suresh Krishnaswamy, CFO
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