Form 4: Synchronoss Technologies Director Acquires 12,000 Shares of Common Stock

Kevin Rendino, a director of Synchronoss Technologies, acquired 12,000 shares of common stock at $9.76 per share on February 20, 2025.

Summary

• On February 20, 2025, Kevin Rendino, a director of Synchronoss Technologies Inc. (SNCR), acquired 12,000 shares of common stock.
• The purchase price was $9.76 per share.
• Following the transaction, Mr. Rendino directly owns 52,768 shares.
• The shares were granted as restricted stock under the company's 2015 Equity Incentive Plan and will vest on March 20, 2026.
• Mr. Rendino also has dispositive and voting power over shares owned by 180 Degree Capital Corp. and its SMA, but disclaims beneficial ownership except for his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director. While insider buying can be seen as positive, it's not overwhelmingly so without additional context.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing reflects insider trading activity, which is closely monitored by regulators and investors for insights into management's perspective on the company's value and future performance.

Stakeholder Impact

• The stock acquisition by a director could positively influence shareholder sentiment.

Key Dates

Keywords

Synchronoss Technologies, SNCR, Kevin Rendino, stock acquisition, Form 4, director, beneficial ownership, restricted stock, 180 Degree Capital