Form 4: FuboTV CEO David Gandler Reports Stock Transactions Following RSU Vesting

FuboTV CEO David Gandler reports the vesting of restricted stock units and subsequent tax withholding, resulting in a net change in his beneficial ownership of company stock.

Summary

• David Gandler, CEO of fuboTV, reported transactions related to the vesting of restricted stock units (RSUs).
• On December 22, 2024, 708,514 RSUs vested, each representing one share of fuboTV common stock.
• Following the vesting, 361,697 shares were withheld by the company to cover income tax obligations at a price of $1.39 per share.
• After these transactions, Gandler directly owns 1,669,381 shares of fuboTV common stock.
• Gandler also has indirect ownership of 653,255 shares through the David Gandler & Yuriy Boykivttees Diana Gandler 2020 Family Irrevocable Trust, 293,256 shares through the Chloe Gandler 2020 Irrevocable Trust, and 293,255 shares through the Forest Gandler 2020 Irrevocable Trust.
• The reporting person has voting and investment power over these trusts.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, and does not indicate any positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for company executives who receive stock-based compensation. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• The vesting of RSUs and subsequent tax withholding is a common practice for executive compensation in publicly traded companies.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.
• Similar filings can be seen across the industry for executives at companies such as Roku, Disney, and Netflix.

Stakeholder Impact

• The transactions do not have a significant impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

fuboTV, David Gandler, restricted stock units, RSU, stock ownership, insider trading, Form 4, beneficial ownership, tax withholding