Form 4: Outbrain CEO David Kostman Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Outbrain CEO David Kostman reports the withholding of 2,172 common stock shares to cover tax obligations arising from vesting of restricted stock units.
Summary
- On April 7, 2024, Outbrain Inc. CEO David Kostman had 2,172 shares of common stock withheld by the company to cover tax obligations.
- This transaction occurred due to the vesting and settlement of restricted stock units under the company's 2007 Omnibus Securities and Incentive Plan.
- The price per share for the tax withholding was $4.16.
- Following the transaction, Kostman beneficially owns 495,767 shares of Outbrain Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 04/07/2024 | Date of the stock transaction (tax withholding) |
| 04/08/2024 | Date of signature on the Form 4 filing |
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