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

Anthony Callini, CFO of Innovid Corp., sold 12,923 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).

Summary

• On January 21, 2025, Anthony Callini, the Chief Financial Officer of Innovid Corp., sold 12,923 shares of the company's common stock.
• The shares were sold at a weighted average price of $3.0968 per share, with individual transactions ranging from $3.075 to $3.09 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following the transaction, Callini directly owns 714,680 shares of Innovid Corp. common stock and indirectly owns 750 shares through his daughter.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations, which is a common practice and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

This type of transaction, where executives sell shares to cover tax obligations related to vesting equity, is common. It doesn't necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders due to the slight dilution of equity.

Key Dates

Keywords

Innovid Corp, Anthony Callini, CFO, Form 4, Share Sale, Tax Withholding, RSU Vesting, CTV