Form 4: Upland Software Executive Matthew Harnden Smith Reports Tax-Related Stock Transaction
SEC Form 4 Filing
General Counsel and Secretary of Upland Software, Matthew Harnden Smith, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 16, 2024, Matthew Harnden Smith, General Counsel and Secretary of Upland Software, Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 1,460 shares by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $2.63.
- Following the transaction, Smith beneficially owns 97,076 shares of Upland Software, Inc.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The transaction itself is neutral, reflecting tax obligations rather than discretionary trading activity.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard tax-related procedure.
Key Dates
| Date | Description |
|---|---|
| 06/16/2024 | Date of the transaction involving the withholding of shares for tax obligations. |
| 06/17/2024 | Date of signature for the Form 4 filing. |
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