Kristin E. Frank - 13 Jun 2023 Form 4 Insider Report for BRIGHTCOVE INC

Role
Director
Signature
/s/ Christopher Keenan, as attorney-in-fact
Issuer symbol
N/A
Transactions as of
13 Jun 2023
Net transactions value
-$35,213
Form type
4
Filing time
14 Jun 2023, 11:50:54 UTC
Previous filing
11 May 2023
Next filing
06 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BCOV Common Stock Sale $35,213 -8,058 -10% $4.37 71,311 13 Jun 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.