Form 4: Innovid Corp. COO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Innovid Corp.'s Chief Operating Officer, Kenneth Markus, sold 17,623 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
Summary
- On September 4, 2024, Kenneth Markus, the Chief Operating Officer of Innovid Corp., sold 17,623 shares of common stock.
- The shares were sold to cover tax withholding obligations associated with the vesting of RSUs.
- The sale price was a weighted average of $1.656 per share, with individual transactions ranging from $1.625 to $1.730.
- Following the transaction, Markus directly owns 900,871 shares of Innovid Corp. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes on vested RSUs). It doesn't indicate 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 are generally viewed as routine transactions.
Key Dates
| Date | Description |
|---|---|
| 09/04/2024 | Date of stock sale transaction |
| 09/05/2024 | Date of signature on the Form 4 filing |
Keywords
Innovid Corp, Kenneth Markus, Chief Operating Officer, Form 4, Stock Sale, RSU Vesting, Tax Obligations, CTV
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