Form 4: Outbrain CEO David Kostman Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Outbrain Inc. CEO David Kostman disposed of 2,222 shares of common stock on July 7, 2024, to cover tax obligations arising from the vesting and settlement of restricted stock units.
Summary
- On July 7, 2024, David Kostman, CEO of Outbrain Inc., disposed of 2,222 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting and settlement of restricted stock units under the company's 2007 Omnibus Securities and Incentive Plan.
- The shares were disposed of at a price of $4.67 per share.
- Following the transaction, Kostman directly owns 678,748 shares of Outbrain Inc.
- The transaction was exempt under Rule 16b-3.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 07/07/2024 | Date of the transaction where 2,222 shares of common stock were disposed of. |
| 07/09/2024 | Date of signature for the Form 4 filing. |
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