Form 4: Upland Software Director Sells Shares Under 10b5-1 Plan

Upland Software director Timothy Mattox sold 2,768 shares of common stock at a price of $4.5565 per share on December 17, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Timothy Mattox, a director at Upland Software, sold 2,768 shares of the company's common stock on December 17, 2024.
• The sale was executed at a price of $4.5565 per share.
• This transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on February 27, 2024.
• Following the transaction, Mr. Mattox directly owns 414,008 shares of Upland Software.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a pre-planned stock sale by a director. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives and directors to use 10b5-1 plans to manage their stock sales and avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice among corporate insiders to manage their stock sales in compliance with SEC regulations.
• Similar filings are common across all publicly traded companies, such as sales by directors at companies like Salesforce (CRM) or Adobe (ADBE), where executives often use pre-arranged plans to sell shares.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the pre-planned nature of the transaction.

Key Dates

Keywords

Upland Software, insider trading, Form 4, 10b5-1 plan, stock sale, director, equity securities