Ooma CEO granted 300,000 RSUs in Form 4 filing
Ooma Inc. director and CEO Eric B. Stang reported offsetting equity transactions in company common stock.
Rhea-AI Filing Summary
Ooma Inc. director and CEO Eric B. Stang reported offsetting equity transactions in company common stock. He disposed of 6,230 shares at $12.36 per share through a tax-withholding disposition, delivering shares to the company to cover withholding taxes on vesting restricted stock units.
On the same date, he acquired a grant of 300,000 restricted stock units at no cost. According to the disclosure, 1/16 of the original RSU amount will vest on June 1, 2026, with additional 1/16 installments vesting every third month thereafter, subject to his continued service. He also reports indirect ownership of 1,236,997 shares held by the Stang Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 6,230 | $12.36 | $77K |
| Grant/Award | Common Stock | 300,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Shares delivered by Reporting Person to Issuer in payment of the withholding tax liability upon vesting of the restricted stock units.
- F2. Represents restricted stock units which will vest as follows: 1/16th of the total original number of restricted stock units shall vest on June 1, 2026 and 1/16th of the total original number of restricted stock units shall vest on the same day of every 3rd month thereafter, subject to the Reporting Person's continuous status as a Service Provider (as defined in the Issuer's 2015 Equity Incentive Plan) through each applicable vesting date.
FAQ
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What insider transactions did OOMA CEO Eric Stang report on this Form 4?
What is the size and cost of Eric Stang’s new OOMA RSU award?
How do the newly granted OOMA RSUs to Eric Stang vest over time?
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