Form 4: Leafly CFO Suresh Krishnaswamy Reports Changes in Beneficial Ownership Due to Tax Withholding on RSU Vesting
SEC Form 4 Filing
CFO of Leafly Holdings, Suresh Krishnaswamy, reports changes in beneficial ownership due to the withholding of shares by the issuer to cover tax obligations related to the vesting of restricted stock units (RSUs).
Summary
- On October 20, 2024, Suresh Krishnaswamy, CFO of Leafly Holdings, Inc., reported changes in his beneficial ownership of the company's common stock.
- These changes resulted from the withholding of shares by Leafly to satisfy tax obligations associated with the vesting of several tranches of RSUs previously granted to Krishnaswamy.
- The shares were withheld at a price of $1.97 per share, based on the closing stock price on October 21, 2024.
- The transactions involved RSUs granted on August 17, 2022, October 6, 2022, July 25, 2023, November 30, 2023, and February 28, 2024.
- After these transactions, Krishnaswamy directly owns 30,750 shares of common stock and 9,116 unvested RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, and the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The impact on employees is related to the vesting of their stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| August 17, 2022 | Date of RSU grant to the reporting person. |
| October 6, 2022 | Date of RSU grant to the reporting person. |
| July 25, 2023 | Date of RSU grant to the reporting person. |
| November 30, 2023 | Date of RSU grant to the reporting person. |
| February 28, 2024 | Date of RSU grant to the reporting person. |
| October 20, 2024 | Date of transaction (share withholding for tax obligations). |
| October 21, 2024 | Date used to determine the closing stock price for tax withholding ($1.97). |
| October 22, 2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Suresh Krishnaswamy, Leafly Holdings, LFLY, RSU Vesting, Tax Withholding, CFO
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