Form 4: Ooma Inc. CEO Eric Stang Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Eric Stang reports a transaction involving Ooma Inc. common stock, including shares disposed of to cover withholding tax liability and a contribution to a family trust.
Summary
- On March 1, 2024, Eric Stang, CEO and President of Ooma Inc., reported a transaction involving the company's common stock.
- 11,175 shares were disposed of to cover withholding tax liability upon the vesting of restricted stock units at a price of $10.04 per share.
- Mr. Stang also contributed 11,325 shares previously held directly to the Eric Stang & Pamela Stang Trust U/A 09/02/2004 Stang Family Trust.
- Following the reported transactions, Mr. Stang directly owns 361,875 shares of Ooma Inc. common stock.
- Additionally, 1,082,104 shares are held indirectly through the Stang Family Trust, over which Mr. Stang exercises voting and investment power as a trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The transactions reported may be of interest to shareholders as they provide insight into the actions of the company's CEO.
Key Dates
| Date | Description |
|---|---|
| 09/02/2004 | Date of the Eric Stang & Pamela Stang Trust U/A Stang Family Trust |
| 03/01/2024 | Date of the reported transaction |
| 03/04/2024 | Date of signature on the Form 4 filing |
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