Form 4: Outbrain CEO David Kostman Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Outbrain Inc. CEO David Kostman disposed of 9,758 shares of common stock on September 7, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On September 7, 2024, David Kostman, the CEO of Outbrain Inc., disposed of 9,758 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 2021 Long-Term Incentive Plan.
- The shares were withheld by the issuer at a price of $4.8 per share.
- Following the transaction, Kostman beneficially owns 668,990 shares of Outbrain Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a routine transaction. It doesn't indicate any significant 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.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but it is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 09/07/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 09/09/2024 | Date of signature for the Form 4 filing. |
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