Ooma (NYSE: OOMA) legal chief uses 1,647 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ooma, Inc. SVP & Chief Legal Officer Jenny C. Yeh reported a routine tax-related share disposition. On the vesting of restricted stock units, 1,647 shares of common stock were delivered to Ooma to cover withholding taxes at an indicated value of $17.15 per share. After this non-market transaction, Yeh directly holds 277,455 Ooma common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yeh Jenny C
Role
SVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,647 | $17.15 | $28K |
Holdings After Transaction:
Common Stock — 277,455 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares delivered for tax withholding: 1,647 shares
Implied value per share: $17.15 per share
Shares held after transaction: 277,455 shares
+1 more
4 metrics
Shares delivered for tax withholding
1,647 shares
Common stock delivered to issuer to satisfy RSU tax liability
Implied value per share
$17.15 per share
Value used for tax-withholding disposition of common stock
Shares held after transaction
277,455 shares
Total Ooma common shares directly owned after tax withholding
Tax-withholding transactions
1 transaction, 1,647 shares
Form 4 transactionSummary for code F disposition
Key Terms
restricted stock units, withholding tax liability, tax-withholding disposition, Form 4, +1 more
5 terms
restricted stock units financial
"upon vesting of the 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.
withholding tax liability financial
"in payment of the withholding tax liability upon vesting"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did OOMA SVP Jenny C. Yeh report on this Form 4?
Jenny C. Yeh reported a tax-withholding disposition of 1,647 Ooma common shares. These shares were delivered to the company to satisfy withholding taxes when restricted stock units vested, rather than being sold on the open market.
Was Jenny C. Yeh’s OOMA transaction an open-market sale or a routine tax event?
The transaction is described as a routine tax event, not an open-market sale. Shares were delivered to Ooma to cover withholding tax liability on vesting restricted stock units, consistent with a code F tax-withholding disposition.
What role does Jenny C. Yeh hold at OOMA in this Form 4 filing?
Jenny C. Yeh is identified as SVP & Chief Legal Officer and a director of Ooma, Inc. The Form 4 notes her dual role as both an officer and director while reporting this tax-withholding share disposition.