Form 4: Synchronoss Technologies EVP Patrick Joseph Doran Sells Shares to Cover Tax Obligations

Patrick Joseph Doran, EVP & Chief Technology Officer of Synchronoss Technologies, sold 1,559 shares of common stock on April 22, 2025, to cover tax obligations related to vesting shares.

Summary

• Patrick Joseph Doran, the EVP & Chief Technology Officer of Synchronoss Technologies Inc. (SNCR), reported a transaction involving the sale of company stock.
• On April 22, 2025, Doran sold 1,559 shares of common stock at a price of $10.404 per share.
• The sale was executed under an approved Rule 10b5-1 trading plan to cover tax obligations associated with the vesting of restricted stock.
• Following the transaction, Doran directly owns 170,187 shares of Synchronoss Technologies Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive to cover tax obligations. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the context of tax obligations and the pre-arranged trading plan.

Key Dates

Keywords

Synchronoss Technologies, SNCR, Patrick Joseph Doran, stock sale, Form 4, Rule 10b5-1, tax obligations, vesting, EVP, Chief Technology Officer