Ian Burk - 16 Dec 2022 Form 4 Insider Report for Upland Software, Inc. (UPLD)

Role
Chief Business Officer
Signature
/s/ Kin Gill (as attorney-in-fact for Mr. Burk)
Issuer symbol
UPLD
Transactions as of
16 Dec 2022
Net transactions value
-$92,983
Form type
4
Filing time
20 Dec 2022, 15:11:42 UTC
Previous filing
18 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPLD Common Stock Tax liability $45,863 -5,740 -4.8% $7.99 113,313 16 Dec 2022 Direct F1
transaction UPLD Common Stock Sale $47,120 -6,266 -5.5% $7.52 107,047 19 Dec 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units. This is not an open market sale of securities.
F2 Shares were sold pursuant to shareholder's 10b5-1 trading plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.18 to $7.81, inclusive. The reporting person undertakes to provide to Upland Software, Inc., any security holder of Upland Software, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.