Form 4: SoundThinking CEO Ralph A. Clark Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
SoundThinking CEO Ralph A. Clark sold 273 shares of common stock on March 11, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 11, 2024, Ralph A. Clark, the President and CEO of SoundThinking, Inc., sold 273 shares of the company's common stock.
- The sale was executed at a price of $16.2052 per share.
- The transaction was conducted to cover tax withholding obligations realized upon the vesting of restricted stock units, as well as related brokerage commission fees.
- Following the transaction, Clark directly owns 543,313 shares of SoundThinking stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations, not indicative of a change in the executive's confidence in the company.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. It is typical for executives to sell shares to cover tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of the stock sale transaction. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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