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

Anthony Callini, CFO of Innovid Corp., sold 7,723 shares of common stock to cover tax withholding obligations related to the vesting of RSUs.

Summary

• On October 17, 2024, Anthony Callini, the Chief Financial Officer of Innovid Corp. (CTV), sold 7,723 shares of the company's common stock.
• 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 $1.9512, with individual transactions ranging from $1.88 to $2.08 per share.
• Following the transaction, Callini directly owns 783,305 shares of Innovid Corp. common stock and indirectly owns 750 shares through his daughter.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes on vested RSUs) and does not contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and are generally not indicative of the executive's long-term outlook on the company.

Stakeholder Impact

• The sale of shares by the CFO could have a minor, temporary impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

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