Form 4: Outbrain Inc. Co-Founder Yaron Galai Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., reports a transaction involving common stock to cover tax obligations.
Summary
- On January 7, 2025, Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., reported a transaction.
- 1,690 shares of common stock were disposed of at a price of $6.75.
- The shares were withheld by the issuer to cover tax obligations arising from the vesting and settlement of restricted stock units under the company's 2007 Omnibus Securities and Incentive Plan.
- Following the transaction, Galai beneficially owns 3,455,831 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine filing related to insider transactions for tax purposes, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/07/2025 | Date of transaction: disposal of common stock to cover tax obligations. |
| 01/10/2025 | Date of signature for the report. |
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