Form 4: SecureWorks Executive Stephen Fulton Sells Shares to Cover Tax Obligations

SecureWorks executive Stephen Fulton sold 26,234 shares of Class A Common Stock to cover tax liabilities from vesting restricted stock units.

Summary

• Stephen Fulton, President of Customer Success at SecureWorks Corp, sold 26,234 shares of Class A Common Stock on December 16, 2024.
• The sale was executed to cover tax obligations arising from the vesting of restricted stock units granted on December 16, 2021.
• The shares were sold at a price of $8.48 per share.
• Following the transaction, Fulton beneficially owns 1,015,113 shares of SecureWorks Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the price are specific to SecureWorks and the executive's compensation package.
• Similar transactions are regularly reported by executives at comparable technology companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

SecureWorks, stock sale, executive, Stephen Fulton, Form 4, restricted stock units, tax liability, insider trading