Hill Michael Douglass 4

What Happened

• Michael Hill, Upland Software's CFO, Treasurer & Secretary, had 8,931 shares withheld on 2026-03-16 to satisfy tax withholding obligations related to restricted stock unit vesting. The withholding was recorded at $0.54 per share for a total value of $4,823. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-03-16, 8,931 shares at $0.54 per share.
• Total value of shares withheld: $4,823.
• Shares owned after transaction: not specified in this Form 4 filing.
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding upon RSU vesting (not an open-market sale). F2 — some shares are held by a trust for the reporting person’s family; the reporting person is trustee.
• Filing timeliness: Form 4 was filed 2026-03-17 for the 2026-03-16 transaction (within the usual SEC two-business-day window).

Context

• This was a routine tax-withholding action tied to RSU vesting (often called a cashless or share-withholding settlement) and does not indicate an open-market sale of company stock. Such withholdings are administrative and generally less informative about insider sentiment than outright purchases or open-market sales.