Form 4: Upland Software's General Counsel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Matthew Harnden Smith, General Counsel and Secretary of Upland Software, Inc., disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 16, 2025, Matthew Harnden Smith, the General Counsel and Secretary of Upland Software, Inc., disposed of 4,135 shares of common stock.
- The shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Smith directly owns 135,504 shares of Upland Software, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/16/2025 | Date of transaction: Matthew Harnden Smith disposed of shares to cover tax obligations. |
| 03/17/2025 | Date of signature on the Form 4 filing. |
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