Form 4: SoundThinking CEO Sells Shares to Cover Tax Obligations

SoundThinking's CEO, Ralph A. Clark, sold a total of 10,000 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 shares of the company's common stock.
• The sales occurred on December 16, 2024, and December 17, 2024.
• On December 16, 2024, 5,933 shares were sold at a weighted average price of $11.6094.
• On December 17, 2024, 4,067 shares were sold at a weighted average price of $11.8583.
• These sales were made to cover tax withholding obligations and brokerage fees related to the vesting of restricted stock units.
• Following these transactions, Mr. Clark beneficially owns 516,707 shares of SoundThinking common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Form 4 filings are standard procedure for reporting insider transactions, ensuring transparency and compliance with SEC regulations.
• The volume of shares sold is relatively small compared to the total outstanding shares of the company, and is not unusual for this type of transaction.

Stakeholder Impact

• The stock sales have a minimal impact on shareholders as they are routine transactions.
• The sales do not indicate any change in the company's operations or financial health.

Key Dates

Keywords

SoundThinking, SSTI, Ralph A. Clark, stock sale, insider trading, Form 4, executive compensation, tax obligations, restricted stock units