Form 4: Ooma CEO Eric Stang Reports Stock Transaction
SEC Form 4 Filing
Ooma CEO Eric Stang reports disposition of shares to cover withholding tax liability upon vesting of restricted stock units.
Summary
- On March 15, 2025, Eric Stang, CEO and President of Ooma Inc., reported a transaction involving common stock.
- Stang disposed of 8,145 shares of common stock at a price of $13.61 per share to cover withholding tax liability upon the vesting of restricted stock units.
- Following the transaction, Stang directly owns 745,073 shares of Ooma Inc.
- Stang also indirectly owns 1,247,724 shares through the Eric Stang & Pamela Stang TR UA 09/02/2004 Stang Family Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions for tax purposes.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/02/2004 | Date of the Eric Stang & Pamela Stang TR UA Stang Family Trust |
| 03/15/2025 | Date of the stock transaction (disposal of shares) |
| 03/18/2025 | Date of signature on the Form 4 filing |
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