Form 4: SoundThinking CEO Ralph A. Clark Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
SoundThinking CEO Ralph A. Clark sold 572 shares of common stock on May 20, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 20, 2024, Ralph A. Clark, the President and CEO of SoundThinking, Inc. (SSTI), sold 572 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 $14.47 to $14.49.
- Following the transaction, Clark directly owns 542,741 shares of SoundThinking common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
This is a routine Form 4 filing, reflecting an insider's sale of shares to cover tax obligations. Such transactions are common and don't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it's a small percentage of the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the stock sale transaction. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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