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

SoundThinking CEO Ralph A. Clark sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 5th and 7th, 2024, Ralph A. Clark, the President and CEO of SoundThinking Inc., sold shares of the company's common stock.
• The sales were executed to cover tax withholding obligations realized upon the vesting of restricted stock units, as well as related brokerage commission fees.
• On March 5th, Clark sold 1,244 shares at an average price of $16.5217 and 790 shares at prices ranging from $16.22 to $16.2536.
• On March 7th, Clark sold 271 shares at prices ranging from $16.38 to $16.39.
• Following these transactions, Clark directly owns 543,586 shares of SoundThinking Inc. common stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (selling shares to cover taxes), so the sentiment is neutral. It's a common practice and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with restricted stock units.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates