Form 4: Upland Software COO Dan Doman Granted 100,000 RSUs

Upland Software's Chief Operating & Product Officer, Dan Doman, was granted 100,000 restricted stock units, vesting quarterly starting March 2026.

Summary

• Dan Doman, Chief Operating & Product Officer of Upland Software, Inc. (UPLD), acquired 100,000 shares of Common Stock.
• The transaction date for this acquisition was February 27, 2026.
• The shares were acquired at a price of $0, indicating a grant of restricted stock units (RSUs).
• Following this transaction, Dan Doman beneficially owns 957,257 shares of Common Stock.
• The restricted stock units will vest in twelve equal quarterly installments, commencing on the three-month anniversary of the Vesting Commencement Date of December 16, 2025.
• Accelerated vesting of these RSUs is possible under certain circumstances following a change of control.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, primarily due to the alignment of executive incentives with long-term company performance and retention, which is generally favorable for corporate governance.

Positives

• The grant of 100,000 restricted stock units to the Chief Operating & Product Officer aligns executive incentives with long-term shareholder value.
• The vesting schedule encourages executive retention over a multi-year period.

Future Outlook

The restricted stock units are scheduled to vest in twelve equal quarterly installments, beginning on the three-month anniversary of December 16, 2025. This provides a clear future vesting schedule for a significant portion of executive compensation.

Industry Context

StockSavvy.ai notes that the grant of restricted stock units (RSUs) is a common and widely accepted form of executive compensation in the software and technology industry. This practice aims to align the interests of executives with those of shareholders by tying a significant portion of their compensation to the company's long-term stock performance and retention.

Comparison to Industry Standards

• The grant of restricted stock units (RSUs) to a Chief Operating & Product Officer is a standard compensation practice across the technology sector, comparable to grants observed at companies like Salesforce, Adobe, and Workday.
• The vesting schedule, typically over several years with quarterly installments, is also consistent with industry benchmarks designed to promote long-term executive retention and performance alignment.

Stakeholder Impact

• Shareholders: The grant of RSUs can be seen as a positive for aligning executive interests with long-term shareholder value, though it represents potential future dilution as shares vest.
• Employees: This transaction specifically impacts a key executive, reinforcing the company's compensation structure for leadership.

Next Steps

• The restricted stock units will begin vesting in twelve equal quarterly installments starting on the three-month anniversary of December 16, 2025.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (an RSU grant) and does not contain information that would fundamentally alter the investment thesis for Upland Software. While positive for executive alignment, it is not a catalyst for a 'buy' or 'sell' recommendation based solely on this disclosure.

Keywords

Upland Software, UPLD, Form 4, Restricted Stock Units, RSU, Stock Grant, Insider Transaction, Executive Compensation, Dan Doman