Form 4: Upland Software Executive Yates Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Oliver Robert MacFarlane Yates, Chief Sales Officer of Upland Software, reports a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 16, 2024, Oliver Robert MacFarlane Yates, the Chief Sales Officer of Upland Software, Inc. (UPLD), had 6,672 shares of common stock withheld by the issuer to satisfy tax obligations.
- The price per share for the transaction was $4.21.
- Following the transaction, Yates directly owns 251,567 shares of Upland Software common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and it doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This specific filing relates to tax obligations arising from vested stock, a common occurrence.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard tax-related procedure.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Date of stock transaction (tax withholding) |
| 03/19/2024 | Date of signature on the Form 4 filing |
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