Kristin E. Frank - Jun 13, 2023 Form 4 Insider Report for BRIGHTCOVE INC (BCOV)

Role
Director
Signature
/s/ Christopher Keenan, as attorney-in-fact
Stock symbol
BCOV
Transactions as of
Jun 13, 2023
Transactions value $
-$35,213
Form type
4
Date filed
6/14/2023, 11:50 AM
Previous filing
May 11, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BCOV Common Stock Sale -$35.2K -8.06K -10.15% $4.37 71.3K Jun 13, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported transaction was effected pursuant to a Rule 10b5-1 trading plan to enable the Reporting Person to manage the tax implications associated with the vesting of restricted stock units in 2023.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.32 to $4.42. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.