Form 4: Thryv Holdings CEO Reports Routine Tax-Related Stock Disposition

Thryv Holdings' Chairman and CEO, Joe Walsh, reported the disposition of 1,750 common shares at $7.22 each to cover tax obligations related to restricted stock unit vesting.

Summary

• Joe Walsh, Chairman and CEO of Thryv Holdings, Inc. (THRY), reported changes in his beneficial ownership of common shares.
• On November 5, 2025, Walsh disposed of a total of 1,750 common shares in two separate transactions (793 shares and 957 shares).
• The shares were disposed of at a price of $7.22 per share.
• These dispositions were made to satisfy tax withholding obligations in connection with the vesting of previously granted restricted stock units.
• Following these transactions, Walsh directly beneficially owns 585,232 common shares.
• Additionally, Walsh indirectly beneficially owns 1,625,206 common shares through a trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes related to executive compensation, not indicative of a change in management's view of the company's prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a tax-related disposition of shares. Such transactions are common across all industries when executives' restricted stock units vest, and they need to cover tax liabilities.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the insider's investment sentiment or the company's fundamentals.

Key Dates

Recommendation

This Form 4 reports a routine tax-related disposition of shares by an insider, which does not reflect a discretionary sale or change in investment sentiment. It is a standard event associated with restricted stock unit vesting and does not provide new information to alter an investment recommendation.

Keywords

Thryv Holdings, THRY, Joe Walsh, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, CEO, Director