Form 4: Criteo CFO Sells Shares for Tax Obligations

Criteo's Chief Financial Officer, Sarah Glickman, sold 3,982 ordinary shares at $19.51 each to cover tax withholding obligations.

Summary

• Sarah Glickman, Chief Financial Officer of Criteo S.A. (CRTO), reported a transaction on November 24, 2025.
• She disposed of 3,982 ordinary shares at a price of $19.51 per share.
• The sale was automatically executed to fund tax withholding obligations arising from the settlement of a previously-reported security award.
• Following this transaction, Sarah Glickman beneficially owns 353,227 ordinary shares directly.
• The ordinary shares may be represented by American Depositary Shares, with each ADS currently representing one ordinary share.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned transaction for tax purposes, which is neutral in terms of company sentiment. It does not indicate any positive or negative operational or financial developments.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction (Form 4) related to tax obligations, which is common for executives receiving equity compensation. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, tax-related sale by an executive and not indicative of a change in investment sentiment or company fundamentals.

Key Dates

Recommendation

This Form 4 filing details a routine, tax-related sale of shares by Criteo's CFO. Such transactions are common for executives to cover tax liabilities on vested equity awards and typically do not reflect a change in the executive's confidence in the company or its future prospects. Therefore, it provides no new information that would warrant a change in an existing investment thesis, leading to a 'hold' recommendation.

Keywords

Criteo, CRTO, Form 4, Insider Transaction, Share Sale, CFO, Sarah Glickman, Tax Withholding