Form 4: Leafly Holdings CEO Yoko Miyashita Reports Tax-Related Stock Disposals
SEC Form 4
Leafly Holdings CEO Yoko Miyashita reports the disposal of common stock to cover withholding taxes related to vesting restricted stock units.
Summary
- Yoko Miyashita, CEO of Leafly Holdings, reported the disposal of common stock on April 20, 2024, to cover withholding taxes related to the vesting of restricted stock units.
- The transactions involved the disposal of 167, 67, 506, 506, and 1,779 shares at a price of $2.19 per share.
- These disposals were related to restricted stock units granted on August 17, 2022, October 6, 2022, July 25, 2023, November 30, 2023, and February 28, 2024.
- Following these transactions, Miyashita directly owns 63,468 shares of Leafly Holdings, Inc., which includes 500 shares acquired under the Employee Stock Purchase Plan, 28,174 shares of common stock and 35,294 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units, are common across publicly traded companies, including those in the cannabis industry.
- Tax-related stock disposals are a standard procedure when restricted stock units vest, ensuring compliance with tax regulations.
- Similar filings can be observed for executives at comparable companies like Canopy Growth Corporation, Tilray Brands, and Curaleaf Holdings.
Key Dates
| Date | Description |
|---|---|
| 08/17/2022 | Grant date of certain restricted stock units, 1/16 of which vested on October 20, 2022, with the remainder vesting 1/16 quarterly until fully vested. |
| 10/06/2022 | Grant date of certain restricted stock units, 1/16 of which vested on October 20, 2022, with the remainder vesting 1/16 quarterly until fully vested. |
| 07/25/2023 | Grant date of certain restricted stock units, scheduled to vest in 1/8 equal installments on August 20, 2023, October 20, 2023, January 20, 2024, April 20, 2024, July 20, 2024, October 20, 2024, January 20, 2025 and April 20, 2025. |
| 11/30/2023 | Grant date of certain restricted stock units, scheduled to vest in 1/4 equal installments on January 20, 2024, April 20, 2024, July 20, 2024 and October 20, 2024. |
| 02/28/2024 | Grant date of certain restricted stock units, scheduled to vest in 1/4 equal installments on each of April 20, 2024, July 20, 2024, October 20, 2024 and January 20, 2025. |
| 04/20/2024 | Date of stock disposal transactions to cover withholding taxes. |
| 04/22/2024 | Closing stock price used for net settlement of restricted stock units. |
| 04/23/2024 | Date of Form 4 filing. |
Keywords
Leafly Holdings, Yoko Miyashita, Form 4, Stock Disposal, Restricted Stock Units, Withholding Taxes, Beneficial Ownership, LFLY
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