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Upland Software, Inc.·4

Mar 17, 4:30 PM ET

Doman Dan 4

Research Summary

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Upland (UPLD) COO Dan Doman Withholds 33,491 Shares for Taxes

What Happened
Dan Doman, Chief Operating Officer of Upland Software (UPLD), had 33,491 restricted stock units (RSUs) withheld by the company to satisfy tax withholding obligations upon vesting. The withholding occurred on 2026-03-16 at an effective price of $0.54 per share, for a total value of approximately $18,085. This was a tax-withholding transaction, not an open-market sale.

Key Details

  • Transaction date: 2026-03-16; filing date: 2026-03-17 (timely filing).
  • Shares withheld: 33,491 at $0.54 per share; total value ≈ $18,085.
  • Transaction code: F — shares withheld to satisfy tax withholding on RSU vesting (per footnote).
  • This was not a sale on the open market; it reflects tax withholding on vested RSUs.
  • Shares owned after the transaction: not specified in the provided filing excerpt.

Context
Share withholding to cover taxes is a routine administrative step when RSUs vest and does not necessarily signal a change in an insider’s view of the company. Unlike purchases, withholdings do not indicate additional insider investment.