Upland Software (UPLD) director sales cover RSU tax withholding under 10b5-1
Rhea-AI Filing Summary
Upland Software, Inc. director Timothy Mattox reported two sales of common stock totaling 2,000 shares, with 1,000 shares sold at $4.48 on 2026-07-31 and 1,000 shares at $4.45 on 2026-08-03. According to the footnotes, these transactions were conducted under an approved 10b5-1 Plan adopted on 03/09/2026 and the shares were sold to cover tax withholding obligations arising from the vesting of restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,000 shares
Net Sell
2 txns
Insider
Mattox Timothy
Role
Director
Sold
2,000 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,000 | $4.45 | $4K |
| Sale | Common Stock F1 | 1,000 | $4.48 | $4K |
Holdings After Transaction:
Common Stock — 39,900 shares (Direct)
Footnotes (1)
- F1. The transaction indicated was conducted under an approved 10b5-1 Plan, adoption date of referenced 10b5-1 Plan is: 03/09/2026. These shares were sold to cover the tax withholding obligations in connection with the vesting of restricted stock units
Key Figures
Shares sold on 2026-07-31: 1000.0000 shares
Shares sold on 2026-08-03: 1000.0000 shares
Total shares sold in reported period: 2000 shares
+1 more
4 metrics
Shares sold on 2026-07-31
1000.0000 shares
Sale of common stock at $4.4800 per share by director Timothy Mattox
Shares sold on 2026-08-03
1000.0000 shares
Sale of common stock at $4.4500 per share by director Timothy Mattox
Total shares sold in reported period
2000 shares
Aggregate common stock sales reported in this Form 4
10b5-1 plan adoption date
03/09/2026
Adoption date of the approved 10b5-1 Plan covering these sales
Key Terms
10b5-1 Plan, restricted stock units, tax withholding obligations, Sale in open market or private transaction
4 terms
10b5-1 Plan regulatory
"The transaction indicated was conducted under an approved 10b5-1 Plan"
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
restricted stock units financial
"in connection with the vesting of 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.
tax withholding obligations financial
"These shares were sold to cover the tax withholding obligations"
Sale in open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transactions did Upland Software (UPLD) report for Timothy Mattox?
Timothy Mattox reported two sales totaling 2,000 shares of Upland Software common stock. He sold 1,000 shares at $4.48 on 2026-07-31 and 1,000 shares at $4.45 on 2026-08-03, according to the Form 4 filing.
Were Timothy Mattox’s Upland Software (UPLD) sales under a 10b5-1 plan?
Yes. The Form 4 notes the transactions were conducted under an approved 10b5-1 Plan adopted on 03/09/2026. A 10b5-1 plan pre-arranges trades, helping separate them from day-to-day market timing decisions.
What type of security did Timothy Mattox trade in Upland Software (UPLD)?
Mattox traded Upland Software common stock in both reported transactions. Each entry in the Form 4 lists common stock as a non-derivative security, with sales executed at specified per-share prices.