Form 4: Innovid Corp. Director Gilad Shany Acquires Restricted Stock Units

Director Gilad Shany acquired 84,951 restricted stock units in Innovid Corp., potentially increasing their holdings to 1,367,953 shares.

Summary

• On June 10, 2024, Gilad Shany, a director of Innovid Corp., acquired 84,951 restricted stock units.
• The acquisition was made at a price of $0.00 per unit.
• These restricted stock units will vest on the earlier of June 10, 2025, or the date of the next annual meeting of stockholders, contingent upon continued service to the Issuer.
• Each restricted stock unit represents a contingent right to receive one share of Innovid Corp.'s common stock.
• Following the transaction, Shany's total beneficial ownership in Innovid Corp. is 1,367,953 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices, indicating confidence in the company's future performance.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future.

Future Outlook

The restricted stock units will vest on the earlier of June 10, 2025, or the date of the next annual meeting of stockholders, subject to the Reporting Person's continued service to the Issuer.

Industry Context

This transaction is a routine disclosure of stock-based compensation to a company director, common in publicly traded companies to align management interests with shareholder value.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder sentiment by aligning management's interests with those of the shareholders.

Key Dates

Keywords

Innovid Corp, Gilad Shany, restricted stock units, director, beneficial ownership, Form 4, CTV