Form 4: Marin Software CFO Robert Bertz Reports Stock Transactions
SEC Form 4 Filing
Robert Bertz, CFO of Marin Software, reports the vesting of restricted stock units and subsequent transactions to cover tax obligations.
Summary
- On March 7, 2024, Robert Bertz, CFO of Marin Software, reported transactions involving common stock and restricted stock units (RSUs).
- 42,500 RSUs vested, each representing a contingent right to receive one share of Marin Software's common stock.
- Following the vesting, 17,417 shares were disposed of to cover federal and state tax withholding obligations at a price of $0.3045 per share.
- After these transactions, Bertz directly owns 62,502 shares of Marin Software common stock and 42,500 RSUs.
- The RSUs vest in two tranches: 50% on March 7, 2024, and 50% on March 7, 2025, contingent upon continued service to Marin Software.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey 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 |
|---|---|
| 03/07/2024 | Date of RSU vesting and stock transactions |
| 03/07/2024 | 50% of RSUs vest |
| 03/07/2025 | Remaining 50% of RSUs vest |
| 03/08/2024 | Date of signature on the Form 4 |
Keywords
Form 4, Marin Software, Robert Bertz, CFO, Stock Transactions, Restricted Stock Units, RSU, Beneficial Ownership
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