Form 4: Outbrain CFO Jason Kiviat Sells Shares to Cover Tax Obligations

Outbrain's Chief Financial Officer, Jason Kiviat, sold 4,955 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• Jason Kiviat, the Chief Financial Officer of Outbrain Inc., sold 4,955 shares of common stock on December 7, 2024.
• The sale was executed at a price of $6.19 per share.
• This transaction was 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 transaction, Mr. Kiviat directly owns 198,520 shares of Outbrain common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• The number of shares sold is relatively small compared to the total shares owned by the CFO, suggesting this is a routine transaction rather than a significant divestment.

Stakeholder Impact

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

Key Dates

Keywords

Outbrain, Jason Kiviat, CFO, stock sale, Form 4, insider trading, restricted stock units, tax obligations