[Form 4] TechTarget, Inc. Insider Trading Activity
TechTarget director David J. Flaschen received 2,250 shares of TechTarget, Inc. common stock on 08/14/2025 under the company's 2024 Incentive Plan as part of the 2025 Non-Employee Director Compensation Plan. The shares were issued to satisfy meeting fees for the first six months of 2025 and were calculated by dividing the cash compensation by the closing price of $6.00 per share on that date. After the issuance, Mr. Flaschen beneficially owns 3,890 shares of common stock. The Form 4 was signed by an attorney-in-fact on 08/15/2025.
This disclosure reflects a routine, non-derivative equity grant to a director as compensation rather than an open-market purchase or sale. It does not report any derivative transactions, amendments to prior filings, or other material changes beyond the share issuance and updated beneficial ownership count stated above.
- Director compensation paid in equity aligns director interests with shareholders without immediate cash outlay
- Clear disclosure of transaction date, amount (2,250 shares), price ($6.00) and post-transaction ownership (3,890 shares)
- None.
Insights
TL;DR: Routine director equity award aligns director and shareholder interests; transaction is compensation, not a purchase or sale.
The filing documents a standard non-employee director compensation issuance under the 2024 Incentive Plan. The issuance of 2,250 shares at the closing price of $6.00 to satisfy meeting fees is a governance practice that conserves cash while providing equity alignment. The post-transaction beneficial ownership of 3,890 shares is modest, indicating limited individual economic stake. No derivative activity or unusual arrangements are disclosed.
TL;DR: Form 4 properly reports an issuance of shares for director compensation; disclosure appears complete for this transaction.
The Form 4 lists the transaction date, code (A for acquisition), amount, price per share, and resulting beneficial ownership, and includes an explanation tying the shares to the 2025 Non-Employee Director Compensation Plan. The signature by an attorney-in-fact is included. There are no indications of amendments, Rule 10b5-1 plans, or indirect ownership complexities disclosed in this filing.