Form 4: Upland Software Director Timothy Mattox Sells Shares for Tax Purposes

Upland Software director Timothy Mattox sold 20,000 shares of common stock over two days for tax purposes.

Summary

• Director Timothy Mattox sold 2,000 shares of Upland Software common stock on November 13, 2024, at a weighted average price of $2.6358 per share.
• He then sold an additional 18,000 shares on November 14, 2024, at a weighted average price of $2.5034 per share.
• These sales were made to recognize general portfolio tax savings.
• Following these transactions, Mattox directly owns 416,776 shares of Upland Software common stock.

Sentiment

Score: 5

Explanation: The document is neutral, reporting a routine insider stock sale for tax purposes. 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 and is not indicative of any specific company performance or industry trend.

Comparison to Industry Standards

• Insider sales are a common occurrence in publicly traded companies, and this transaction is not unusual.
• Directors often sell shares for personal financial planning, including tax purposes.
• The volume of shares sold is relatively small compared to the total outstanding shares of Upland Software.

Stakeholder Impact

• The stock sale by a director may have a minor impact on shareholder sentiment, but it is not expected to significantly affect the company's operations or financial position.

Key Dates

Keywords

Upland Software, insider trading, stock sale, director, Timothy Mattox, UPLD, tax savings