Form 4: Outbrain CFO Jason Kiviat Reports Stock Disposal for Tax Obligations

Jason Kiviat, CFO of Outbrain Inc., disposed of 6,217 shares of common stock on June 7, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On June 7, 2024, Jason Kiviat, the Chief Financial Officer of Outbrain Inc., reported a transaction involving the disposal of 6,217 shares of common stock.
• The shares were disposed of at a price of $4.57 per share.
• This transaction was executed to cover tax obligations arising from the vesting and settlement of restricted stock units under Outbrain's 2021 Long-Term Incentive Plan.
• Following the transaction, Kiviat directly owns 209,224 shares of Outbrain Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an insider's stock disposal for tax purposes.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock disposal to cover tax obligations, a common practice among executives receiving equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.

Key Dates