Form 4: Ooma SVP of Marketing, James A. Gustke, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
James A. Gustke, SVP of Marketing at Ooma, Inc., disposed of 621 shares of common stock on March 8, 2024, to cover withholding tax obligations upon the vesting of restricted stock units.
Summary
- On March 8, 2024, James A. Gustke, the SVP of Marketing at Ooma, Inc., disposed of 621 shares of Ooma's common stock.
- The transaction was executed to cover the withholding tax liability associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $9.34 per share.
- Following the transaction, Gustke directly owns 152,492 shares of Ooma common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: James A. Gustke disposed of 621 shares of Ooma common stock. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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