Form 4: Innovid Corp. Director Brian F. Hughes Acquires and Disposes of Shares

Director Brian F. Hughes reports acquiring 84,951 shares of Innovid Corp. common stock and disposing of 499,244 shares in a recent transaction.

Summary

• On June 10, 2024, Brian F. Hughes, a director of Innovid Corp., acquired 84,951 shares of common stock.
• The acquisition was through restricted stock units, with 100% vesting on the earlier of June 10, 2025, or the date of the next annual meeting of stockholders, contingent upon continued service.
• Each restricted stock unit represents a contingent right to receive one share of Innovid Corp.'s common stock.
• Hughes also disposed of 499,244 shares of common stock.
• Following these transactions, Hughes beneficially owns 499,244 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of restricted stock units aligns the director's interests with the company's performance, incentivizing continued service.

Future Outlook

The vesting of the restricted stock units is contingent upon the director's continued service to the Issuer.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the corporate world. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's stock ownership.

Key Dates

Keywords

Innovid Corp, Brian F. Hughes, Director, Form 4, Stock Acquisition, Restricted Stock Units, Beneficial Ownership, Stock Disposal