Form 4: SoundThinking Executive Sells Shares to Cover Tax Obligations

A SoundThinking executive, Nasim Golzadeh, sold 415 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Nasim Golzadeh, an executive at SoundThinking, Inc., sold 415 shares of the company's common stock on November 19, 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 $11.62 to $11.64 per share.
• Following the transaction, Golzadeh directly owns 67,666 shares of SoundThinking stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications.

Management Comments

• The Reporting Person made a prior election to sell only the number of shares of common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units, as well as any related brokerage commission fees.

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

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The sale of 415 shares is a relatively small transaction and is not unusual for an executive at this level.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover tax obligations.

Key Dates

Keywords

SoundThinking, stock sale, executive, Form 4, insider trading, restricted stock units, tax obligations