Form 4: Ooma Inc. Executive Jenny C. Yeh Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jenny C. Yeh, SVP, General Counsel & Secretary of Ooma Inc., reports acquisition and disposal of Ooma shares related to tax obligations and employee stock purchase plan.
Summary
- On March 15, 2024, Jenny C. Yeh, SVP, General Counsel & Secretary of Ooma Inc., reported changes in beneficial ownership of Ooma's common stock.
- 356 shares were disposed of to cover withholding tax liability upon vesting of restricted stock units at a price of $8.65 per share.
- 2,005 shares were acquired under the Issuer's Employee Stock Purchase Plan at a price of $7.35 per share.
- Following these transactions, Yeh directly owns 102,002 shares of Ooma's common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to stock-based compensation and employee stock purchase plan participation.
Positives
- Acquisition of 2,005 shares through the Employee Stock Purchase Plan indicates confidence in the company's future.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock transactions (disposal for tax withholding and acquisition via employee stock purchase plan). |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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