Form 4: Upland Software Executive Dan Doman Reports Stock Transaction
SEC Form 4 Filing
Dan Doman, Chief Product Officer of Upland Software, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 16, 2024, Dan Doman, Chief Product Officer of Upland Software, had shares withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units.
- A total of 13,447 shares of common stock were withheld at a price of $2.63 per share.
- Following the transaction, Doman directly owns 312,566 shares of Upland Software.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not an open market sale.
Key Dates
| Date | Description |
|---|---|
| 06/16/2024 | Date of stock transaction (shares withheld for tax obligations). |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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