Form 4: Criteo CLO Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Criteo S.A.'s Chief Legal Officer, Ryan Damon, sold 3,222 ordinary shares for approximately $67,780 under a pre-arranged 10b5-1 trading plan.
Summary
- Ryan Damon, Chief Legal Officer of Criteo S.A. (CRTO), reported a sale of company shares.
- The transaction involved the disposition of 3,222 Ordinary Shares.
- The shares were sold on December 17, 2025, at a weighted average price of $21.04 per share.
- The sale was executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
- Following this transaction, Ryan Damon beneficially owns 114,286 Ordinary Shares.
- The reported price range for the sales was $21.02 to $21.10 per share.
Sentiment
Score: 5
Explanation: The sale by the Chief Legal Officer is a routine insider transaction, explicitly noted as being conducted under a Rule 10b5-1 plan, which typically indicates a pre-scheduled sale for personal financial planning rather than a reaction to new material non-public information.
Positives
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled sale and reducing concerns about opportunistic insider trading.
Negatives
- An insider selling shares, even under a 10b5-1 plan, can sometimes be perceived as a lack of confidence, though this is often a routine part of executive compensation and diversification.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Disclosure Practice | The 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). | 12/17/2025 | Enhances transparency regarding insider trading by demonstrating a pre-planned sale, mitigating concerns about opportunistic trading. |
Stakeholder Impact
- Shareholders: Minor impact. A small insider sale under a 10b5-1 plan is generally not a significant signal for company performance.
Next Steps
- The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the reported range upon request.
Key Dates
| Date | Description |
|---|---|
| 12/17/2025 | Date of earliest transaction (sale of ordinary shares) |
| 12/19/2025 | Date Form 4 was signed and filed |
Keywords
Criteo S.A., CRTO, Insider Sale, Form 4, Ryan Damon, Chief Legal Officer, 10b5-1 Plan, Share Disposition, Executive Compensation
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