Form 4: Getty Images Director Jonathan Klein Executes Stock Options, Adjusts Holdings
SEC Form 4 Filing
Jonathan Klein, a director at Getty Images Holdings, exercised stock options and disposed of shares to cover exercise costs and tax obligations, resulting in adjustments to his beneficial ownership.
Summary
- On March 27, 2024, Jonathan Klein, a director of Getty Images Holdings, exercised stock options to acquire Class A Common Stock.
- He acquired 15,308 shares at $2.74 and 127,904 shares at $2.82.
- The company withheld 112,154 shares to cover the exercise price and tax obligations at a price of $4.26.
- Following these transactions, Klein directly owns 3,787,663 shares of Class A Common Stock and indirectly owns 516,463 shares through Aston Aladmax LLC.
- He also holds options to purchase 22,962 shares at $2.74 expiring on April 10, 2029, and options to purchase 191,857 shares at $2.82 expiring on October 16, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the size of the transactions relative to the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of stock option exercise and share transactions |
| 03/29/2024 | Date of signature on the Form 4 filing |
| 04/10/2029 | Expiration date of stock options to purchase 22,962 shares at $2.74 |
| 10/16/2025 | Expiration date of stock options to purchase 191,857 shares at $2.82 |
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