Cardlytics (NASDAQ: CDLX) CLO uses share sale to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cardlytics, Inc. Chief Legal & Privacy Officer Lynton Nicholas Hollmeyer exercised restricted stock units into 85,290 shares of common stock on April 1, 2026. He then sold 40,296 shares at a weighted average price of $0.99 solely to cover tax withholding obligations, and now directly holds 167,856 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,296 shares ($39,893)
Net Sell
11 txns
Insider
Lynton Nicholas Hollmeyer
Role
Chief Legal & Privacy Officer
Sold
40,296 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 582 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,578 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,630 | $0.00 | -- |
| Exercise | Restricted Stock Units | 12,500 | $0.00 | -- |
| Exercise | Restricted Stock Units | 60,000 | $0.00 | -- |
| Exercise | Common Stock | 582 | $0.00 | -- |
| Exercise | Common Stock | 1,578 | $0.00 | -- |
| Exercise | Common Stock | 10,630 | $0.00 | -- |
| Exercise | Common Stock | 12,500 | $0.00 | -- |
| Exercise | Common Stock | 60,000 | $0.00 | -- |
| Sale | Common Stock | 40,296 | $0.99 | $40K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 123,444 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Shares were sold solely to satisfy tax withholding obligations that resulted from the delivery of shares of common stock for RSUs that vested on April 1, 2026. The Reporting Person did not sell shares for any other purpose. The price reported is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $0.965 to $1.040, 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 footnote (3). The RSU award was originally for 9,299 shares. Twenty-five percent (25%) of the shares under this award vested on April 1, 2023, with the remaining 75% vesting quarterly over the subsequent three years in equal amounts thereafter. This RSU award was originally for 25,247 shares. Twenty-five percent (25%) of the shares under this award vested on July 1, 2023, with the remaining 75% vesting quarterly over the subsequent three years in equal amounts thereafter provided the Reporting Person continuously provides service to the Issuer through the vesting date. The RSU award was originally for 85,035 shares. The RSU award vested in eight equal installments on July 1, 2024, October 1, 2024, January 1, 2025, April 1, 2025, July 1, 2025, October 1, 2025, January 1, 2026 and April 1, 2026. 50% of the shares underlying the RSU award vested on April 1, 2026, with the remaining 50% vesting in equal amounts quarterly over a one-year period through April 1, 2027, provided that the Reporting Person remains employed by the Issuer on such vesting dates.
Key Figures
RSU shares exercised: 85,290 shares
Shares sold: 40,296 shares
Weighted average sale price: $0.99 per share
+2 more
5 metrics
RSU shares exercised
85,290 shares
Total RSU-derived shares on April 1, 2026
Shares sold
40,296 shares
Common stock sold on April 1, 2026
Weighted average sale price
$0.99 per share
Sales ranged from $0.965 to $1.040
Post-transaction holdings
167,856 shares
Directly owned common stock after transactions
Exercise transactions count
5 exercises
Derivative exercises reported in summary
Key Terms
Restricted Stock Units, weighted average sales price, tax withholding obligations, contingent right, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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 sales price financial
"The price reported is a weighted average sales price. These shares were sold in multiple transactions"
tax withholding obligations financial
"Shares were sold solely to satisfy tax withholding obligations that resulted from the delivery of shares"
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
vesting financial
"shares under this award vested on April 1, 2023, with the remaining 75% vesting quarterly"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
