Form 4: Upland Software COO Karen Cummings Reports Tax-Related Stock Transaction
SEC Form 4
Karen Cummings, President and COO of Upland Software, reports the withholding of shares by the issuer to cover tax obligations related to vesting restricted stock units.
Summary
- On March 16, 2025, Karen Cummings, the President and COO of Upland Software, had 8,648 shares of common stock withheld by the issuer to satisfy tax obligations.
- The price per share for the transaction was $3.1.
- Following the transaction, Cummings beneficially owns 358,904 shares of Upland Software.
- The transaction was not an open market sale.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine transaction related to tax obligations and does not indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding and does not represent a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 03/16/2025 | Date of stock transaction where shares were withheld for tax obligations. |
| 03/17/2025 | Date of signature on the Form 4 filing. |
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