Doman Dan 4

What Happened Dan Doman, Chief Operating Officer of Upland Software, had 29,515 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units on June 16, 2026. The withholding value was calculated at $0.61 per share, totaling approximately $17,898. This was a withholding to cover taxes (transaction code F), not a purchase or an open-market sale.

Key Details

• Transaction date: 2026-06-16; price per share: $0.61; shares withheld: 29,515; aggregate value: ~$17,898.
• Transaction code: F (payment of exercise price or tax liability).
• Footnote: Shares were withheld by the issuer to satisfy tax withholding on RSU vesting — explicitly not an open market sale.
• Shares owned after the transaction: Not specified in the Form 4 filing.
• Filing timeliness: Reported with a period of report on 2026-06-16; no late filing indicated in the submission.

Context Withholding shares to cover taxes on vested RSUs is a routine administrative action (a form of cashless settlement) and does not necessarily signal the insider's view of the company's stock. Purchases or open-market sales typically carry more direct informational weight for investors than tax-withholdings.