Form 4: Synchronoss Technologies EVP Christina Gabrys Sells Shares to Cover Tax Obligations

Christina Gabrys, EVP and Chief Legal Officer of Synchronoss Technologies, sold 785 shares of common stock on April 22, 2025, at a price of $10.404 per share to cover tax obligations related to vesting of restricted stock.

Summary

• Christina Gabrys, an executive at Synchronoss Technologies, sold 785 shares of the company's common stock on April 22, 2025.
• The sale was executed at a price of $10.404 per share.
• Following the transaction, Gabrys directly owns 75,128 shares of Synchronoss Technologies.
• The sale 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.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive stock sale. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies. They can be for various reasons, including diversification, tax obligations, or personal financial planning. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on inside information.

Stakeholder Impact

• The stock sale by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares involved and the pre-planned nature of the sale.

Key Dates

Keywords

Synchronoss Technologies, SNCR, Christina Gabrys, stock sale, Form 4, Rule 10b5-1, executive compensation, insider trading