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

David Helmreich, Chief Commercial Officer of Innovid Corp., sold shares to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).

Summary

• On January 9, 2024, David Helmreich, the Chief Commercial Officer of Innovid Corp., sold 43,528 shares of common stock at a price of $1.4242 and 40,762 shares of common stock at a price of $1.424.
• The sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following the transactions, Helmreich directly owns 704,567 shares of Innovid Corp.
• The sales were not discretionary trades but were part of a 'sell to cover' transaction allowed by the Issuer's equity incentive plans.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes on vested RSUs). It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Executive stock sales are a common occurrence, particularly when RSUs vest, as executives often sell a portion of the shares to cover their tax liabilities. This is a standard practice and doesn't necessarily indicate a negative outlook on the company.

Key Dates

Keywords

Form 4, Insider Trading, David Helmreich, Innovid Corp, CTV, Chief Commercial Officer, Stock Sale, RSU Vesting, Tax Withholding