Form 4: Innovid Corp. CFO Sells Shares to Cover Tax Obligations

Innovid Corp.'s Chief Financial Officer, Anthony Callini, sold 8,849 shares of common stock to cover tax obligations related to vesting RSUs.

Summary

• Anthony Callini, the Chief Financial Officer of Innovid Corp., sold 8,849 shares of common stock on January 17, 2025.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The shares were sold at a weighted average price of $3.0826 per share, with individual transactions ranging from $3.075 to $3.09 per share.
• Following the transaction, Callini directly owns 727,603 shares and indirectly owns 750 shares through his daughter.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The sale price range of $3.075 to $3.09 per share is within the typical range for market transactions.
• The number of shares sold is relatively small compared to the total shares owned by the CFO.

Stakeholder Impact

• The sale of shares by the CFO may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

Innovid Corp, Anthony Callini, CFO, stock sale, tax obligations, RSUs, Form 4, insider trading