Form 4: Synchronoss Technologies CEO Sells Shares to Cover Tax Obligations

Jeffrey George Miller, CEO of Synchronoss Technologies, sold 6,979 shares of common stock on April 23, 2025, to cover tax obligations related to vesting of restricted stock.

Summary

• On April 23, 2025, Jeffrey George Miller, the CEO of Synchronoss Technologies, sold 6,979 shares of common stock.
• The sale was executed at a price of $10.503 per share.
• The transaction was conducted under an approved Rule 10b5-1 trading plan.
• The purpose of the sale was to cover tax obligations associated with the vesting of restricted stock.
• Following the transaction, Miller directly owns 451,853 shares of Synchronoss Technologies.
• The form was signed on April 24, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports a stock sale for tax purposes, which is a routine transaction. There's no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.

Key Dates

Keywords

Synchronoss Technologies, SNCR, Jeffrey George Miller, CEO, stock sale, Form 4, Rule 10b5-1, tax obligations, restricted stock, insider trading