Form 4: Ooma CEO Eric Stang Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Eric Stang, CEO and President of Ooma Inc., reports a transaction involving common stock, including shares disposed of to cover withholding tax liability and a contribution to a family trust.
Summary
- On September 1, 2024, Eric Stang, CEO and President of Ooma Inc., disposed of 11,306 shares of common stock to cover withholding tax liability at a price of $10.4 per share.
- Following this transaction, Stang directly owns 511,250 shares of Ooma Inc.
- Additionally, 1,281,313 shares are indirectly owned through the Eric Stang & Pamela Stang TR UA 09/02/2004 Stang Family Trust.
- 11,194 shares previously held directly by Stang were contributed to the Stang Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in stock ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Related Party Transactions
- Shares were contributed to the Eric Stang & Pamela Stang TR UA 09/02/2004 Stang Family Trust, a related party.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to tax obligations and trust management.
Key Dates
| Date | Description |
|---|---|
| 09/02/2004 | Date of the Eric Stang & Pamela Stang Trust U/A Stang Family Trust |
| 09/01/2024 | Date of transaction where shares were disposed of to cover withholding tax liability |
| 09/04/2024 | Date of signature on the Form 4 filing |
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