Form 4: Leafly Holdings CEO Yoko Miyashita Reports Routine Stock Transactions and Preferred Share Redemption
Insider Transaction Report
Leafly Holdings, Inc. CEO and Director Yoko Miyashita filed a Form 4 detailing the withholding of common stock for tax obligations related to RSU vesting and the temporary holding and redemption of Series A Preferred Stock.
Summary
- Yoko Miyashita, CEO and Director of Leafly Holdings, Inc. (LFLY), filed a Form 4 detailing recent changes in her beneficial ownership.
- On June 11, 2025, a total of 957 shares of Common Stock were withheld by the Issuer to satisfy withholding taxes due to the accelerated vesting of Restricted Stock Units (RSUs).
- Specifically, 682 shares were withheld from RSUs granted on August 17, 2022, and 275 shares were withheld from RSUs granted on October 6, 2022.
- The net settlement price for these withholdings was equal to the closing stock price on June 11, 2025, which was reported as $0.2 per share.
- Following these transactions, Yoko Miyashita beneficially owns 57,729 shares of Common Stock directly.
- On April 1, 2025, Ms. Miyashita purchased one (1) share of Series A Preferred Stock for $100.00.
- This Series A Preferred Stock was automatically redeemed by the Issuer on June 11, 2025, after the conclusion of the Issuer's Annual Meeting of Stockholders held on the same date, as per the terms of the Series A Certificate of Designation.
Sentiment
Score: 5
Explanation: The document reports routine insider transactions (tax withholdings for RSU vesting and a temporary preferred stock holding for governance purposes). These are standard occurrences and do not indicate any positive or negative sentiment regarding the company's operational or financial performance.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a routine insider transaction report (Form 4) and does not provide information directly related to broader industry trends or competitive landscape within the cannabis technology or e-commerce sectors. The transactions are specific to executive compensation and corporate governance mechanisms.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Preferred Stock Issuance and Redemption | Yoko Miyashita purchased one share of Series A Preferred Stock on April 1, 2025, which was automatically redeemed on June 11, 2025, after the Annual Meeting of Stockholders. This mechanism is governed by the Certificate of Designation of Preferences, Rights and Limitations of Series A Preferred Stock (Series A COD) and is typically used to grant specific voting rights to certain individuals for corporate actions. | 04/01/2025 (purchase), 06/11/2025 (redemption) | This transaction highlights a specific corporate governance mechanism in place at Leafly Holdings, Inc., likely related to the voting structure for key corporate decisions, particularly around the Annual Meeting. It ensures specific control or influence for the holder of such preferred stock during critical periods, as defined by the Series A COD. |
Related Party Transactions
- The reported transactions involve the CEO and Director (Yoko Miyashita) and the Issuer (Leafly Holdings, Inc.), which are considered related parties. The withholding of shares for tax purposes related to RSU vesting and the temporary holding of Series A Preferred Stock are standard insider transactions disclosed via Form 4.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine insider transactions related to executive compensation and corporate governance mechanisms, not indicative of significant operational or financial shifts.
- Employees: No direct impact mentioned.
- Customers: No direct impact mentioned.
- Suppliers: No direct impact mentioned.
- Creditors: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 08/17/2022 | Grant date of certain Restricted Stock Units (RSUs) to Yoko Miyashita. |
| 10/06/2022 | Grant date of certain Restricted Stock Units (RSUs) to Yoko Miyashita. |
| 04/01/2025 | Yoko Miyashita purchased one share of Series A Preferred Stock from Leafly Holdings, Inc. |
| 06/11/2025 | Date of earliest transaction reported; shares of Common Stock withheld for tax obligations; Series A Preferred Stock automatically redeemed after the Annual Meeting of Stockholders. |
| 06/13/2025 | Signature date of the Form 4 filing. |
Keywords
Leafly Holdings, LFLY, SEC Form 4, Insider Trading, Stock Transactions, Yoko Miyashita, CEO, Director, Restricted Stock Units, RSU, Preferred Stock, Tax Withholding, Corporate Governance
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