MCDONALD JOHN T 4
4 · Upland Software, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Upland (UPLD) CEO John McDonald Sells 18,605 Shares
What Happened
- John T. McDonald, CEO and Director of Upland Software (UPLD), had 18,605 shares withheld to satisfy tax-withholding obligations tied to the vesting of restricted stock units. The shares were valued at $0.54 each, totaling approximately $10,047. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-16; filing date: 2026-03-17 (appears timely).
- Price per share: $0.54; shares involved: 18,605; total value: ~$10,047.
- Shares owned after transaction: Not specified in the provided summary of the filing.
- Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding on RSU vesting (not an open market sale). F2 — filing excludes 125,000 shares held in a trust for Mr. McDonald’s children (The Bryn Mawr Trust Company of Delaware, trustee).
Context
- This was a routine tax-withholding event on vested RSUs (a cashless-like disposition) and does not, by itself, indicate a personal decision to sell shares on the open market or signal management sentiment. Such withholdings are common when equity awards vest.
Insider Transaction Report
Form 4
MCDONALD JOHN T
DirectorCEO
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-03-16$0.54/sh−18,605$10,047→ 2,390,887 total
Holdings
- 363,738(indirect: By National Financial Services as Cust FBO J. McDonald RRA)
Common Stock
Footnotes (2)
- [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]Does not include 125,000 shares of common stock held in a trust for the benefit of Mr. McDonald's children of which The Bryn Mawr Trust Company of Delaware is the trustee.
Signature
/s/ Michael D. Hill (as attorney-in-fact for J. McDonald)|2026-03-17