Form 4: SoundThinking Executive Sells Shares to Cover Tax Obligations Post-RSU Vesting

Nasim Golzadeh, an executive at SoundThinking, Inc., sold 347 shares of common stock to fulfill tax withholding obligations arising from the vesting of restricted stock units.

Summary

• Nasim Golzadeh, identified as MD Technogic and EVP Investigative Solutions at SoundThinking, Inc. (SSTI), reported a transaction on May 28, 2025.
• The transaction involved the sale of 347 shares of SoundThinking common stock.
• The shares were sold at an average price of $14.5893 per share, with individual sale prices ranging from $14.30 to $14.75.
• The purpose of the sale was to cover applicable tax withholding obligations and related brokerage commission fees incurred upon the vesting of restricted stock units, based on a prior election by the reporting person.
• Following this reported transaction, Nasim Golzadeh beneficially owns 95,943 shares of SoundThinking common stock.
• The total beneficial ownership includes 2,127 shares that were purchased under the Issuer's 2017 Employee Stock Purchase Plan on May 16, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported transaction is a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of restricted stock units. This is a common practice and does not typically indicate a change in management's outlook on the company's prospects.

Positives

• The sale was a non-discretionary transaction, specifically executed to cover tax liabilities and fees associated with the vesting of restricted stock units, which is a standard and expected event for executives.
• The reporting person also acquired 2,127 shares through the company's Employee Stock Purchase Plan on May 16, 2025, demonstrating continued participation in company equity programs.

Negatives

• While routine, any insider sale, even for tax purposes, results in a reduction of the executive's direct share ownership, which some investors might perceive as a minor negative.

Future Outlook

NA

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."
• "The shares were sold at prices ranging from $14.30 to $14.75. The Reporting Person will provide on request to the SEC, the issuer or the security holder of the issuer, full information regarding the number of shares sold at each separate price."

Industry Context

NA

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal as this is a small, routine, tax-related sale by an executive, not indicative of a change in company fundamentals or strategic direction.
• Employees, Customers, Suppliers, Creditors: No direct or material impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

SoundThinking Inc., SSTI, Insider Trading, Form 4, Stock Sale, Executive Compensation, Restricted Stock Units, Tax Withholding, Employee Stock Purchase Plan