Form 4: Upland Software CEO John T. McDonald Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO John T. McDonald of Upland Software, Inc. reports a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 16, 2025, John T. McDonald, CEO of Upland Software, Inc., reported a change in beneficial ownership of the company's common stock.
- The transaction involved the withholding of 24,273 shares by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $3.1.
- Following the transaction, Mr. McDonald directly owns 2,489,520 shares of common stock.
- Additionally, he indirectly owns 363,738 shares through National Financial Services as Custodian FBO J. McDonald RRA.
- The report also notes that Mr. McDonald does not include 125,000 shares held in a trust for his children, where The Bryn Mawr Trust Company of Delaware serves as trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction described is a routine part of executive compensation. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes rather than a market sale.
Key Dates
| Date | Description |
|---|---|
| 03/16/2025 | Date of the reported transaction involving the withholding of shares for tax obligations. |
| 03/17/2025 | Date of signature for the report by Matthew Smith as attorney-in-fact for J. McDonald. |
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