Form 4: Upland Software COO Karen Cummings Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Karen Cummings, President and COO of Upland Software, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 16, 2024, Karen Cummings, the President and COO of Upland Software, had shares of common stock withheld by the issuer to satisfy tax obligations.
- A total of 7,815 shares were withheld at a price of $2.24 per share.
- Following the transaction, Cummings beneficially owns 375,364 shares of Upland Software common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard tax-related withholding of shares.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of stock transaction (tax withholding) |
| 09/17/2024 | Date of signature on the Form 4 filing |
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