Form 4: Upland Software Executive Dan Doman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Product Officer Dan Doman reports adjustments to his holdings in Upland Software due to tax withholding and an internal review.
Summary
- On September 16, 2024, Dan Doman, Chief Product Officer of Upland Software, Inc., reported a change in beneficial ownership of the company's common stock.
- The transaction involved the withholding of 11,643 shares by the issuer to satisfy tax obligations related to the vesting of restricted stock units at a price of $2.24 per share.
- Following the transaction, Doman's direct ownership of common stock is reported as 300,903 shares, adjusted after an internal review of his holdings.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard regulatory filing reporting a routine transaction related to tax obligations and an internal review of holdings.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It allows investors to track changes in ownership and potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal adjustments and tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of the reported transaction involving the withholding of shares for tax obligations. |
| 09/17/2024 | Date of signature for the report filing. |
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