Christopher K. Hill - 19 Oct 2023 Form 4 Insider Report for SYNCHRONOSS TECHNOLOGIES INC (SNCR)

Signature
Christopher K. Hill
Issuer symbol
SNCR
Transactions as of
19 Oct 2023
Transactions value $
-$2,153
Form type
4
Filing time
20 Oct 2023, 19:12:01 UTC
Previous filing
10 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNCR Common Stock Sale -$2,152 -4,221 -0.83% $0.51 506,567 19 Oct 2023 Direct
* 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).

Remarks:

All of the sales reported on this From were effected pursuant to an approved Rule 10b5-1 trading plan. Represents sales to cover tax obligations associated with the vesting of shares of Restricted Stock.