Cardlytics (NASDAQ: CDLX) officer sells 2,151 shares after RSU vesting
Rhea-AI Filing Summary
Cardlytics, Inc.’s Chief Legal & Privacy Officer Lynton Nicholas Hollmeyer reported a combination of RSU vesting and a related share sale. On July 1, 2026, he exercised restricted stock units that delivered a total of 4,719 shares of Common Stock. On July 2, 2026, he sold 2,151 shares of Common Stock at a weighted average price of $4.395 per share, with footnotes stating the sale was made solely to cover tax withholding obligations from the RSU share delivery. Following these transactions, he directly holds 19,353 shares of Cardlytics common stock, with no remaining derivative positions shown in this filing.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with shares sold only to cover taxes.
The filing shows Lynton Nicholas Hollmeyer receiving Cardlytics common shares through exercises of restricted stock units, then selling a portion. The 4,719 shares acquired on July 1, 2026 reflect equity compensation vesting rather than open-market buying.
The 2,151 shares sold on July 2, 2026 at a weighted average of $4.395 per share are explicitly described as covering tax withholding obligations. This is a mechanistic disposition rather than a discretionary sale based on a view of the stock.
After these transactions, Hollmeyer directly owns 19,353 shares of common stock. With 0% derivative positions remaining in this filing’s derivativeSummary, the visible exposure is now entirely in common shares, typical after RSUs convert into stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,151 | $4.395 | $9K |
| Exercise | Restricted Stock Units | 157 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,500 | $0.00 | -- |
| Exercise | Restricted Stock Units | 312 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,750 | $0.00 | -- |
| Exercise | Common Stock | 157 | $0.00 | -- |
| Exercise | Common Stock | 1,500 | $0.00 | -- |
| Exercise | Common Stock | 312 | $0.00 | -- |
| Exercise | Common Stock | 2,750 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. Effective June 5, 2026, the Issuer effected a 1-for-10 reverse stock split of the Issuer's common stock. The number of securities reported herein have been adjusted to reflect the reverse stock split. Shares were sold solely to satisfy tax withholding obligations that resulted from the delivery of shares of common stock for RSUs that vested on July 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 $4.260 to $4.540, 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). 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. 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. RSU award will vest in equal amounts quarterly over a two-year period through April 1, 2028, provided that the Reporting Person remains employed by the Issuer on such vesting dates.