Form 4: SoundThinking CEO Sells Shares to Cover Tax Obligations

SoundThinking's CEO, Ralph A. Clark, sold 1,678 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 1,678 shares of common stock on December 2, 2024.
• The sale was executed to cover tax withholding obligations and brokerage fees associated with the vesting of restricted stock units.
• The shares were sold at prices ranging from $12.21 to $12.59, with a weighted average price of $12.2279.
• Following the transaction, Mr. Clark beneficially owns 526,707 shares of SoundThinking common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

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.
• Many companies use restricted stock units as part of their compensation packages, leading to similar sales by executives.
• The sale of 1,678 shares is relatively small compared to the total shares owned by the CEO, which is 526,707 shares.

Stakeholder Impact

• The sale of shares by the CEO is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

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