Form 4: Leafly CFO Suresh Krishnaswamy Reports Tax Withholding on RSU Vesting
SEC Form 4 Filing
Leafly's CFO, Suresh Krishnaswamy, reports the withholding of shares to cover tax obligations related to the vesting of restricted stock units (RSUs).
Summary
- On July 20, 2024, Leafly CFO Suresh Krishnaswamy had shares withheld by the issuer to cover withholding taxes related to the vesting of several tranches of restricted stock units (RSUs).
- The shares were withheld at a price of $2.28 per share.
- A total of 1,638 shares were withheld across five different RSU grants.
- After these transactions, Krishnaswamy directly owns 41,614 shares of Leafly common stock, which includes 25,328 shares of common stock and 16,286 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax withholding on vested RSUs, and does not indicate any positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| June 4 2024 | Power of Attorney executed by Suresh Krishnaswamy |
| July 20 2024 | Date of transaction (shares withheld for tax obligations) |
| July 22 2024 | Closing stock price used for net settlement of RSUs |
| July 23 2024 | Date of report |
Keywords
Form 4, Leafly, Suresh Krishnaswamy, CFO, RSU, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Securities, LFLY
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