Form 4: Outbrain Co-CEO Yaron Galai Reports Stock Transactions

Yaron Galai, Co-CEO of Outbrain Inc., reports the withholding of shares for tax obligations and a correction in the allocation of directly and indirectly owned shares.

Summary

• Yaron Galai, Co-CEO of Outbrain Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 7, 2024, 3,564 shares were withheld by Outbrain to cover tax obligations related to the vesting and settlement of restricted stock units.
• The shares were withheld at a price of $3.85 per share.
• Galai directly owns 3,577,277 shares of common stock following the transaction.
• The filing also corrects a previous error, clarifying that 99,992 shares are indirectly owned through Galai Investments, LLC, where Galai holds a 55% membership interest.
• The corrected allocation shows the distinction between shares directly and indirectly owned by Galai.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating neutral sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Key Dates