Form 4: Upland Software Executive Dan Doman Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Chief Product Officer of Upland Software, Dan Doman, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 16, 2024, Dan Doman, Chief Product Officer of Upland Software, Inc., had 15,258 shares of common stock withheld by the issuer to satisfy tax obligations.
- This transaction was not an open market sale.
- Following the transaction, Doman directly owns 326,013 shares of Upland Software, Inc.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, which is common for executives who receive stock-based compensation. It provides transparency into insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Date of stock transaction (tax withholding) |
| 03/19/2024 | Date of signature for the Form 4 filing |
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