Form 4: SoundThinking CEO Sells Shares to Cover Tax Obligations

SoundThinking's CEO, Ralph A. Clark, sold 935 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Ralph A. Clark, the President and CEO of SoundThinking, Inc., sold 935 shares of common stock on November 29, 2024.
• The sale was executed to cover tax withholding obligations arising from the vesting of restricted stock units.
• The shares were sold at prices ranging from $13.27 to $13.51, with an average price of $13.3121.
• Following the transaction, Mr. Clark directly owns 528,385 shares of SoundThinking stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment regarding the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the price range are typical for such transactions.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

SoundThinking, Ralph A. Clark, stock sale, insider trading, restricted stock units, tax obligations, executive compensation