Upland Software, Inc. (NASDAQ: UPLD) announced that Sean Nathaniel has begun serving as the company's President and Chief Executive Officer. The Austin-based software company will grant two inducement equity awards to Nathaniel as part of his compensation package.

The inducement awards consist of performance-based restricted stock units relating to up to 500,000 shares that will vest at the end of a three-year period subject to performance goals, and restricted stock units for 500,000 shares that will vest in 12 equal quarterly installments. Both awards require Nathaniel's continuous employment through the applicable vesting dates.

The equity grants will be issued under Nasdaq Listing Rule 5635(c)(4) as inducement material for Nathaniel to join the company. The grant date for the awards is scheduled for on or about June 5, 2026, according to terms outlined in Nathaniel's offer letter dated February 21, 2026.

Upland Software describes itself as a provider of AI-powered knowledge and content management software, serving more than 1,100 enterprise customers. The company's solutions focus on automating content workflows and supporting regulatory compliance for enterprises.