Upland (UPLD) CEO Nathaniel Sean Withholds 1,640 Shares for Taxes

What Happened

• Nathaniel Sean, CEO and President of Upland Software (UPLD), had 1,640 shares withheld by the company to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The shares were valued at $3.94 each, totaling $6,470. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-09-16
• Price per share: $3.94; total value: $6,470 (1,640 shares)
• Transaction code: F (shares withheld to satisfy tax withholding obligations)
• Footnote: F1 — shares were withheld by the issuer to satisfy tax withholding on RSU vesting; not an open market sale
• Shares owned after transaction: not specified in the provided excerpt; see the full Form 4 for current beneficial ownership
• Filing date: 2026-09-21 (appears several days after the transaction; insiders typically must file Form 4 within two business days — check the full filing for timeliness details)

Context

• This was a routine tax-withholding event tied to RSU vesting (a cashless or share-surrender mechanism), which is common and does not by itself indicate the insider’s view of the company’s stock. Purchases or open-market sales are generally more informative about insider sentiment.