Form 4: Innovid Corp. Executive Kenneth Markus Sells Shares to Cover Tax Obligations

Kenneth Markus, Chief Operating Officer of Innovid Corp., sold 2,532 shares of common stock on January 3, 2025, to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).

Summary

• On January 3, 2025, Kenneth Markus, the Chief Operating Officer of Innovid Corp., sold 2,532 shares of the company's common stock.
• The shares were sold at a weighted average price of $3.0347 per share, with individual transactions ranging from $3.03 to $3.045 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of RSUs.
• Following the transaction, Markus directly owns 864,514 shares of Innovid Corp.
• The reporting person utilized a prearranged 10b5-1 plan.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't indicate positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Innovid Corp, Kenneth Markus, Form 4, Share Sale, RSU Vesting, Tax Obligations, CTV