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

Kenneth Markus, Chief Operating Officer of Innovid Corp., sold 2,191 shares of common stock on October 2, 2024, to cover tax withholding obligations related to RSU vesting.

Summary

• On October 2, 2024, Kenneth Markus, the Chief Operating Officer of Innovid Corp., sold 2,191 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 $1.6968 per share, with individual transactions ranging from $1.775 to $1.650.
• Following the transaction, Markus directly owns 898,680 shares of Innovid Corp.
• The sale was not a discretionary trade but rather a necessary action to meet tax obligations.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and do not necessarily reflect a change in their outlook on the company's future.

Key Dates

Keywords

Innovid Corp, Kenneth Markus, Chief Operating Officer, stock sale, Form 4, RSU vesting, tax obligations, CTV