Form 4: Ooma Inc. 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 related to tax liability and a contribution to a family trust.
Summary
- On June 15, 2024, Eric Stang, CEO and President of Ooma Inc., engaged in a transaction involving Ooma's common stock.
- 7,950 shares were disposed of to cover withholding tax liability upon the vesting of restricted stock units at a price of $8.6 per share.
- Additionally, 7,675 shares previously held directly by Mr. Stang were contributed to the Eric Stang & Pamela Stang Trust U/A 09/02/2004 Stang Family Trust.
- Following these transactions, Mr. Stang directly owns 533,750 shares and indirectly owns 1,121,148 shares through the Stang Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Related Party Transactions
- The contribution of shares to the Eric Stang & Pamela Stang Trust is a related party transaction.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal management of equity holdings.
Key Dates
| Date | Description |
|---|---|
| 09/02/2004 | Date of the Eric Stang & Pamela Stang Trust U/A Stang Family Trust |
| 06/15/2024 | Date of the reported transaction involving the disposal of shares for tax liability and contribution to the trust |
| 06/18/2024 | Date of signature for the Form 4 filing |
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