Form 4: SoundThinking CEO Ralph Clark Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
SoundThinking's CEO, Ralph Clark, sold 932 shares of common stock on May 28, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 28, 2024, Ralph A. Clark, the President and CEO of SoundThinking, Inc., sold 932 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 $16.28 to $16.31.
- Following the transaction, Clark directly owns 541,809 shares of SoundThinking common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations.
Industry Context
Executive stock sales for tax purposes are a common practice and generally don't indicate a negative outlook on the company.
Stakeholder Impact
- The sale is unlikely to have a significant impact on stakeholders as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of the stock sale transaction. |
| 05/30/2024 | Date of signature on the Form 4 filing. |
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