OOMA VP & CAO Namrata Sabharwal Exercises Options, Sells Shares

What Happened

Namrata Sabharwal, Vice President & Chief Accounting Officer of Ooma, exercised 1,500 stock options on September 24, 2026 at $10.52 per share (total cost $15,780) and sold 1,500 shares in the open market the same day for about $33,237. The transactions indicate an immediate sale of the shares acquired through the option exercise, resulting in gross proceeds exceeding the exercise cost (approx. $17,457 difference, before taxes and fees). The filing also records a derivative conversion line showing 1,500 shares disposed at $0, which reflects the mechanics of the option exercise/settlement.

Key Details

• Transaction date: 2026-09-24; Form 4 filed 2026-09-28 (appears timely within the standard 2 business-day window).
• Exercise: 1,500 shares at $10.52 each = $15,780 (code M).
• Sale: 1,500 shares sold in open market at prices between $22.149 and $22.16, aggregate reported $33,237 (code S). Footnote F1 says the reporting person can provide the exact number sold at each price on request.
• Derivative entry: 1,500 shares listed as disposed at $0 (code M); footnote F2 states the option shares were fully vested and exercisable.
• Shares owned after the transactions: not specified in the provided excerpt.

Context

• Because the exercised shares were sold the same day, this is effectively an immediate sale (common when insiders exercise options and liquidate shares to cover cost/taxes).
• The options were fully vested (F2), so no vesting conditions remain.
• This is an insider exercise followed by a sale — informative for tracking insider liquidity but not a straightforward bullish purchase signal.