Form 4: Upland Software COO's Tax Withholding Transaction
Insider Transaction Report
Upland Software's Chief Operating & Product Officer, Dan Doman, reported the withholding of 26,236 shares of common stock for tax obligations related to restricted stock unit vesting.
Summary
- Dan Doman, Chief Operating & Product Officer of Upland Software, Inc. (UPLD), reported a transaction on September 16, 2025.
- The transaction involved the disposition of 26,236 shares of common stock.
- These shares were withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
- This was not an open market sale of securities.
- Following this transaction, Dan Doman beneficially owns 731,852 shares of common stock.
- The deemed price per share for the tax withholding was $2.48.
Sentiment
Score: 5
Explanation: The filing reports a routine administrative transaction (tax withholding for RSU vesting) by an insider, which is neutral in terms of company performance or strategic direction.
Positives
- NA
Negatives
- Dan Doman's beneficial ownership of Upland Software common stock decreased by 26,236 shares following the transaction, which was for tax withholding purposes.
Risks
- NA
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Management Comments
- NA
Industry Context
This Form 4 filing reports a routine insider transaction related to equity compensation and tax obligations, which is common across publicly traded companies and does not directly reflect broader industry trends or competitive positioning.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: A minor reduction in insider beneficial ownership due to tax withholding, which is a common and expected part of equity compensation.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 09/08/2025 | Date Power of Attorney was executed by Daniel Doman. |
| 09/16/2025 | Date of the reported transaction (shares withheld for tax). |
| 09/17/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThis Form 4 filing details a routine tax withholding transaction by an insider, which does not provide sufficient information to warrant a change in investment recommendation. It is a standard administrative event related to equity compensation and does not reflect on the company's operational performance or future prospects.
Keywords
Upland Software, UPLD, Dan Doman, Form 4, Insider Transaction, Tax Withholding, Restricted Stock Units, Equity Compensation
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