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

Kenneth Markus, Chief Operating Officer of Innovid Corp., sold 7,904 shares of common stock on October 17, 2024, to cover tax withholding obligations related to the vesting of RSUs.

Summary

• On October 17, 2024, Kenneth Markus, the Chief Operating Officer of Innovid Corp., sold 7,904 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 $1.9514 per share, with individual transactions ranging from $1.88 to $2.08.
• Following the transaction, Markus directly owns 890,776 shares of Innovid Corp.
• The sale was not a discretionary trade but rather a necessary action to meet tax obligations.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.

Industry Context

Executive stock sales to cover tax obligations are a common occurrence in publicly traded companies. This transaction is a routine part of executive compensation and tax management.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small percentage of the outstanding shares and is related to tax obligations.

Key Dates

Keywords

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