Robert G Bearden, Cloudera, Inc.'s Chief Executive Officer and a director of the company, recently acquired 73,951 shares of the company. The buys took place at prices ranging from $0.00 to $12.54 per share, on December 15, 2020. Bearden now owns 776,651 shares of the company. Bearden operates out of Santa Clara, CA. Some additional info was provided as follows:
Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reporte d as disposed of on this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the settlement of vested RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
Subject in each case to the Reporting Person remaining as the Chief Executive Officer on each vesting date, (i) 1/12th of the RSUs vest and settle on each of the first four quarterly anniversaries following December 15, 2019, and (ii) for periods after the first four quarterly vesting dates, 1/12th of the RSUs vest and settle on March 15, 2021 and on each of the seven following quarterly anniversaries thereof, subject to satisfaction of performance conditions.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Securities registration termination [Section 12(b)] - Oct. 19, 2021
Cloudera, Inc.'s Chief Accounting Officer just disposed of 96,329 shares - Oct. 18, 2021
Cloudera, Inc. director just disposed of 125,407 shares - Oct. 13, 2021
Cloudera, Inc.'s Chief Financial Officer just disposed of 1,049,549 shares - Oct. 13, 2021
Cloudera, Inc.'s President just disposed of 68,280 shares - Oct. 13, 2021