Form 4: Outbrain CFO Jason Kiviat Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Chief Financial Officer of Outbrain Inc., Jason Kiviat, disposed of 459 shares of common stock to cover tax obligations arising from vesting of restricted stock units.
Summary
- On January 7, 2025, Jason Kiviat, the Chief Financial Officer of Outbrain Inc., disposed of 459 shares of common stock.
- The disposal was executed to cover tax obligations related to the vesting and settlement of restricted stock units under Outbrain's 2007 Omnibus Securities and Incentive Plan.
- The transaction was exempt under Rule 16b-3.
- The price per share was $6.75.
- Following the transaction, Kiviat beneficially owns 198,061 shares of Outbrain Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices; it doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/07/2025 | Date of stock disposal transaction. |
| 01/10/2025 | Date of signature for the report. |
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