Form 4: Synchronoss Technologies SVP and CLO, Christina Gabrys, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Christina Gabrys, SVP and CLO of Synchronoss Technologies, sold 973 shares of common stock on April 18, 2024, to cover tax obligations related to vesting of restricted stock.
Summary
- On April 18, 2024, Christina Gabrys, SVP and CLO of Synchronoss Technologies, sold 973 shares of common stock.
- The sale was executed at a price of $6.419 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, Gabrys directly owns 14,506 shares of Synchronoss Technologies Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction by an officer to cover tax obligations. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives. The sale to cover tax obligations is a typical reason for such transactions.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of the stock sale transaction. |
| 04/19/2024 | Date of signature on the Form 4 filing. |
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