Form 4: SoundThinking CEO Ralph A. Clark Sells Shares to Cover Tax Obligations
SEC Form 4
SoundThinking CEO Ralph A. Clark sold 6,479 shares of common stock on September 3, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On September 3, 2024, Ralph A. Clark, the President and CEO of SoundThinking, Inc., sold 6,479 shares of the company's common stock.
- The sale was executed to cover tax withholding obligations realized upon the vesting of restricted stock units, as well as related brokerage commission fees.
- The shares were sold at prices ranging from $13.43 to $13.76, with an average price of $13.6379.
- Following the transaction, Clark directly owns 529,894 shares of SoundThinking common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction to cover tax obligations. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders, as it is a relatively small transaction by the CEO to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of the stock sale transaction. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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