Form 4: Criteo Chief Legal Officer Sells Shares Under 10b5-1 Plan

Criteo's Chief Legal Officer, Ryan Damon, sold 2,793 ordinary shares at an average price of $42.54, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Ryan Damon, Chief Legal Officer of Criteo S.A., sold 2,793 ordinary shares of the company on December 13, 2024.
• The shares were sold at a weighted average price of $42.54 per share, with individual transactions ranging from $42.48 to $42.65.
• This transaction was executed under a pre-arranged Rule 10b5-1 trading plan, which was established during an open trading window.
• Following the sale, Damon still beneficially owns 115,646 ordinary shares.
• The filing also includes a correction to a previous Form 4, adjusting the number of performance-based stock units by 105 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's share sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, such as those in the technology sector like Criteo.
• Similar filings are regularly made by executives at companies like Alphabet (GOOGL), Meta (META), and Amazon (AMZN) when they sell shares.
• The volume of shares sold is relatively small compared to the total outstanding shares of Criteo, which is typical for routine executive sales.

Stakeholder Impact

• The share sale by an executive may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan suggests it was not based on any non-public information.

Key Dates

Keywords

Criteo, insider trading, Form 4, Rule 10b5-1, share sale, Ryan Damon, Chief Legal Officer, equity securities