Form 4: SoundThinking CEO Ralph A. Clark Sells Shares to Cover Tax Obligations

SoundThinking Inc.'s CEO, Ralph A. Clark, sold 5,591 shares of common stock on August 28, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On August 28, 2024, Ralph A. Clark, the President and CEO of SoundThinking Inc., sold 5,591 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 $14.22 to $14.47, with an average price of $14.36.
• Following the transaction, Clark directly owns 536,373 shares of SoundThinking Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. The CEO sold shares to cover tax obligations, which is a common practice. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine transaction for executives who receive stock as part of their compensation. It is common for them to sell a portion of their shares to cover the taxes associated with the vesting of restricted stock units.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholders, but it is unlikely to be significant given the relatively small number of shares sold.

Key Dates