Form 4: Outbrain CEO David Kostman Reports Changes in Beneficial Ownership

Outbrain Inc. CEO David Kostman reported a transaction involving the withholding of shares to cover tax obligations.

Summary

• On June 7, 2024, Outbrain Inc.'s CEO, David Kostman, reported a transaction on Form 4.
• The transaction involved the withholding of 14,797 shares of common stock at a price of $4.57 per share.
• These shares were withheld by Outbrain to cover tax obligations arising from the vesting and settlement of restricted stock units under the company's 2021 Long-Term Incentive Plan.
• Following the reported transaction, Kostman beneficially owns 680,970 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 for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company. This filing indicates the CEO's transactions related to tax obligations from vested stock units.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.

Key Dates