Form 4: Marin Software Executive Wister Walcott Reports Stock Transactions
SEC Form 4 Filing
EVP Wister Walcott reports the vesting of restricted stock units and associated tax withholding, resulting in changes to his beneficial ownership of Marin Software stock.
Summary
- On March 7, 2025, Wister Walcott, EVP of Product and Technology at Marin Software, engaged in transactions involving the company's stock.
- Walcott vested 7,500 restricted stock units (RSUs), each representing one share of common stock.
- To cover tax obligations related to the vesting of these RSUs, 3,081 shares were withheld by the issuer at a price of $1.56 per share.
- Following these transactions, Walcott directly owns 38,806 shares of Marin Software common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving RSUs and tax withholding.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | 50% of the RSUs vest |
| 03/07/2025 | Date of transaction: vesting of RSUs and tax withholding. |
| 03/07/2025 | 50% of the RSUs vest |
| 03/11/2025 | Date of report signature. |
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