ALRM - Steve Valenzuela Exercises Options Realizes $361K | Benzinga
Highlighted on March 1, it was unveiled in an SEC filing that Valenzuela, Chief Financial Officer at Alarm.com Holdings (NASDAQ:ALRM), executed a significant transaction involving the exercise of company stock options.
What Happened: The latest Form 4 filing on Friday with the U.S. Securities and Exchange Commission uncovered Valenzuela, Chief Financial Officer at Alarm.com Holdings, exercising stock options for 16,666 shares of ALRM. The total transaction was valued at $361,057.
The latest update on Friday morning shows Alarm.com Holdings shares down by 0.71%, trading at $75.15. At this price, Valenzuela's 16,666 shares are worth $361,057.
Delving into Alarm.com Holdings's Background
Alarm.com Holdings Inc has two reportable segments: Alarm.com & Other. The Alarm.com segment represents the cloud-based Software platforms for intelligently connected property & related solutions. The other segment is focused on researching, developing & offering residential & commercial automation solutions & energy management products & services in adjacent markets. The majority of revenue is from the Alarm.com segment. The platform allows home & business owners to secure their properties and automate & control an array of connected devices. SaaS & license fees from service providers, who resell these services & pay Alarm.com a monthly subscription, are the sources of revenue for the firm. The majority of revenue is generated in the United States & Canada.