Form 4: Ooma SVP of Marketing, James A. Gustke, Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
James A. Gustke, SVP of Marketing at Ooma Inc., reports disposing of 810 shares of common stock to cover withholding tax obligations upon vesting of restricted stock units.
Summary
- On June 8, 2024, James A. Gustke, SVP of Marketing at Ooma Inc., disposed of 810 shares of Ooma's common stock.
- The shares were disposed of to cover the withholding tax liability upon the vesting of restricted stock units.
- The transaction was executed at a price of $8.63 per share.
- Following the transaction, Gustke directly owns 184,196 shares of Ooma common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction for tax purposes and doesn't necessarily reflect a change in the insider's confidence in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests. Disposals for tax obligations are common and don't necessarily indicate a negative outlook.
Key Dates
| Date | Description |
|---|---|
| 06/08/2024 | Date of transaction: Disposal of 810 shares of common stock. |
| 06/10/2024 | Date of signature for the Form 4 filing. |
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