Form 4: SpringBig Holdings CFO Paul Sykes Reports Vesting of Restricted Stock Units
SEC Form 4 Filing
Paul Sykes, CFO of SpringBig Holdings, reports the vesting of 15,000 restricted stock units on July 7, 2024.
Summary
- On July 7, 2024, Paul Sykes, the Chief Financial Officer of SpringBig Holdings, had 15,000 restricted stock units vest.
- These units represent the right to acquire one share of SpringBig Holdings common stock each.
- The vesting occurred on the second anniversary of the grant date, representing one-third of the 45,000 restricted stock units originally granted.
- Following this transaction, Sykes directly owns 535,350 shares of common stock and 15,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock vesting, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/07/2024 | Date of transaction: vesting of 15,000 restricted stock units. |
| 07/09/2024 | Date of signature on the Form 4 filing. |
Keywords
SpringBig Holdings, Paul Sykes, CFO, restricted stock units, vesting, Form 4, SBIG, common stock, beneficial ownership
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