Alarm.com executive sells 1,915 shares for taxes
Alarm.com Holdings, Inc. executive Daniel Kerzner reported an open-market sale of 1,915 shares of Common Stock on May 18, 2026 at a weighted average price of $43.56 per share.
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Form Type
4
Rhea-AI Filing Summary
Alarm.com Holdings, Inc. executive Daniel Kerzner reported an open-market sale of 1,915 shares of Common Stock on May 18, 2026 at a weighted average price of $43.56 per share. According to the filing, the sale was required to cover tax withholding from vested restricted stock units and was not a discretionary trade.
After this transaction, Kerzner directly held 105,085 shares of Alarm.com common stock.
Insider Trade Summary 10b5-1
Net Seller: 1,915 shares
Net Sell
1 txn
Insider
Kerzner Daniel
Role
See Remarks
Sold
1,915 shs ($83K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,915 | $43.56 | $83K |
Holdings After Transaction:
Common Stock — 105,085 shares (Direct)
Footnotes (2)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover the tax withholding obligation in connection with the settlement of vested restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the Reporting Person to fund this tax withholding obligation by completing a "sell to cover" transaction with a brokerage firm designated by the Issuer. This sale does not represent a discretionary trade by the Reporting Person.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.92 - $43.80, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
Key Figures
Shares sold: 1,915 shares
Weighted average sale price: $43.56 per share
Shares after transaction: 105,085 shares
+1 more
4 metrics
Shares sold
1,915 shares
Open-market sale on May 18, 2026
Weighted average sale price
$43.56 per share
Common Stock, tax-related sale
Shares after transaction
105,085 shares
Direct ownership following the sale
Sale price range
$42.92–$43.80 per share
Multiple trades within this range
Key Terms
sell to cover, restricted stock units, weighted average price, equity incentive plans
4 terms
sell to cover financial
"require the Reporting Person to fund this tax withholding obligation by completing a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock units financial
"tax withholding obligation in connection with the settlement of vested restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Alarm.com (ALRM) report for Daniel Kerzner?
Daniel Kerzner reported selling 1,915 shares of Alarm.com common stock. The transaction occurred on May 18, 2026, as an open-market sale linked to tax withholding for vested restricted stock units, according to the Form 4 footnotes.
Was Daniel Kerzner’s ALRM stock sale a discretionary trade?
The sale was not discretionary. Footnotes state the 1,915 shares were sold to cover tax withholding obligations from vested restricted stock units under Alarm.com’s equity incentive plans, using a mandated “sell to cover” transaction through a designated brokerage firm.
Why did Alarm.com (ALRM) require a sell-to-cover transaction for Daniel Kerzner?
The company’s equity incentive plans allow or require covering tax withholding via a “sell to cover” transaction. For Kerzner, 1,915 shares were sold specifically to fund the tax obligation arising from the settlement of vested restricted stock units, per the filing footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
