Form 4: Leafly CFO Suresh Krishnaswamy Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Leafly Holdings CFO Suresh Krishnaswamy reports the withholding of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On April 20, 2024, Leafly Holdings, Inc. withheld shares of common stock from CFO Suresh Krishnaswamy to cover withholding taxes associated with the vesting of restricted stock units (RSUs).
- The shares were withheld at a price of $2.19 per share.
- A total of 2,131 shares were withheld across five separate transactions related to RSUs granted on various dates: August 17, 2022, October 6, 2022, July 25, 2023, November 30, 2023, and February 28, 2024.
- Krishnaswamy now beneficially owns 43,362 shares of common stock, including 19,906 shares of common stock and 23,456 unvested restricted stock units.
- This total includes 500 shares acquired by the reporting person under the Leafly Holdings, Inc. 2021 Employee Stock Purchase Plan in a transaction exempt from reporting.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| August 17, 2022 | Grant date of certain restricted stock units. |
| October 6, 2022 | Grant date of certain restricted stock units. |
| July 25, 2023 | Grant date of certain restricted stock units. |
| November 30, 2023 | Grant date of certain restricted stock units. |
| February 28, 2024 | Grant date of certain restricted stock units. |
| April 20, 2024 | Date of share withholding for tax obligations. |
| April 22, 2024 | Closing stock price used for net settlement of RSUs. |
| April 23, 2024 | Date of Form 4 filing. |
Keywords
Form 4, Leafly Holdings, Suresh Krishnaswamy, CFO, Restricted Stock Units, Tax Withholding, Beneficial Ownership, LFLY
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