Form 4: Leafly Holdings General Counsel, Nicole Sanchez, Reports Tax Withholding on RSU Vesting
SEC Form 4
Nicole Sanchez, General Counsel of Leafly Holdings, reports the withholding of shares to cover taxes upon the vesting of restricted stock units.
Summary
- On July 20, 2024, Nicole Sanchez, General Counsel of Leafly Holdings, had shares withheld by the issuer to cover withholding taxes related to the vesting of restricted stock units (RSUs).
- 268 shares were withheld at a price of $2.28 related to RSUs granted on July 25, 2023.
- 1,331 shares were withheld at a price of $2.28 related to RSUs granted on February 28, 2024.
- Following these transactions, Sanchez directly owns 17,704 shares, which includes 7,362 shares of common stock and 9,011 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral, routine filing related to tax withholding on vested RSUs. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders and officers, like the General Counsel, to report changes in their beneficial ownership of the company's securities.
Key Dates
| Date | Description |
|---|---|
| 07/25/2023 | Date of grant for certain restricted stock units (RSUs), one-half of these RSUs vested on January 20, 2024, with the remainder scheduled to vest in 1/4 equal installments on April 20, 2024, July 20, 2024, October 20, 2024 and January 20, 2025. |
| 01/20/2024 | One-half of the RSUs granted on July 25, 2023 vested. |
| 02/28/2024 | Date of grant for certain restricted stock units (RSUs) 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 | Installment vesting date for RSUs granted on July 25, 2023 and February 28, 2024. |
| 07/20/2024 | Transaction date: Shares withheld for tax obligations related to RSU vesting; Installment vesting date for RSUs granted on July 25, 2023 and February 28, 2024. |
| 07/22/2024 | Closing stock price used for net settlement of RSUs. |
| 07/23/2024 | Date of signature for the Form 4 filing. |
| 10/20/2024 | Scheduled installment vesting date for RSUs granted on July 25, 2023 and February 28, 2024. |
| 01/20/2025 | Scheduled installment vesting date for RSUs granted on July 25, 2023 and February 28, 2024. |
Keywords
Form 4, Leafly Holdings, Nicole Sanchez, General Counsel, RSU, Restricted Stock Units, Tax Withholding, Beneficial Ownership
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