Form 4: Synchronoss Technologies EVP Patrick Joseph Doran Sells 3,250 Shares for Tax Planning

Patrick Joseph Doran, EVP & Chief Technology Officer of Synchronoss Technologies, sold 3,250 shares of common stock on September 4, 2024, for tax planning purposes.

Summary

• On September 4, 2024, Patrick Joseph Doran, the EVP & Chief Technology Officer of Synchronoss Technologies Inc. (SNCR), sold 3,250 shares of the company's common stock.
• The sale was executed at a price of $14.77 per share.
• Following the transaction, Doran directly owns 107,483 shares of Synchronoss Technologies Inc.
• The reason for the sale was tax planning related to significant stock awards received year-to-date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction for tax planning purposes and doesn't necessarily indicate a positive or negative outlook on the company.

Management Comments

• The sale was for tax planning for the year given significant stock awards year to date.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. This sale represents a small percentage of Doran's holdings and appears to be for personal financial planning rather than a reflection of his outlook on the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates