Form 4: Outbrain Co-Founder Yaron Galai Reports Stock Transactions
SEC Form 4 Filing
Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., reports the withholding of shares for tax obligations and indirect ownership through Galai Investments, LLC.
Summary
- On April 7, 2024, Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., reported a transaction involving common stock.
- 1,676 shares were withheld by the company to cover tax obligations arising from the vesting and settlement of restricted stock units.
- The transaction was exempt under Rule 16b-3.
- Galai also indirectly owns 99,992 shares through Galai Investments, LLC, where he holds a 55% membership interest.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/07/2024 | Date of stock transaction (shares withheld for tax obligations). |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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