Ooma (OOMA) CEO gets 300,000 RSUs and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
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
3 transactions reported
Mixed
3 txns
Insider
STANG ERIC B
Role
CEO and Pres.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,230 | $12.36 | $77K |
| Grant/Award | Common Stock | 300,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 634,038 shares (Direct);
Common Stock — 1,236,997 shares (Indirect, By the Eric Stang & Pamela Stang TR UA 09/02/2004 Stang Family Trust)
Footnotes (1)
- Shares delivered by Reporting Person to Issuer in payment of the withholding tax liability upon vesting of the restricted stock units. 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
What insider transactions did OOMA CEO Eric Stang report on this Form 4?
Eric Stang reported a tax-withholding disposition of 6,230 OOMA common shares and an award of 300,000 restricted stock units. The disposition satisfied withholding taxes on vesting RSUs, while the new RSU grant expands his equity-based compensation, subject to future vesting conditions.
What is the size and cost of Eric Stang’s new OOMA RSU award?
Eric Stang received a grant of 300,000 OOMA restricted stock units at a stated price of $0.00 per unit. This award represents additional stock-based compensation that will convert into common shares only as the RSUs vest according to the defined multi-year schedule.
How do the newly granted OOMA RSUs to Eric Stang vest over time?
The 300,000 restricted stock units vest in sixteen equal installments. One‑sixteenth vests on June 1, 2026, and another one‑sixteenth vests on the same calendar day every third month afterward, contingent on Stang maintaining continuous service under Ooma’s 2015 Equity Incentive Plan.