Form 4: SolarWinds CEO Sudhakar Ramakrishna Sells Shares to Cover Tax Obligations
SEC Form 4
SolarWinds CEO Sudhakar Ramakrishna disposed of shares to cover tax obligations related to the vesting of restricted and performance stock units.
Summary
- On August 15, 2024, SolarWinds CEO and President Sudhakar Ramakrishna disposed of 40,382 shares of common stock at a price of $12.85 to cover tax obligations related to vesting restricted stock units.
- Additionally, he disposed of 40,251 shares of common stock at the same price ($12.85) to cover tax obligations related to vesting performance stock units.
- Following these transactions, Ramakrishna directly owns 2,435,127 shares of SolarWinds Corp.
- The transactions were reported on August 19, 2024.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are used to disclose transactions in company stock by insiders.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal for tax obligations. |
| 08/19/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.