Form 4: Outbrain Inc. Co-Founder Yaron Galai Reports Changes in Beneficial Ownership
SEC Filing
Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., reports a transaction involving common stock, including shares withheld for tax obligations and shares held indirectly through Galai Investments, LLC.
Summary
- On October 7, 2024, Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates that 1,481 shares of common stock were withheld by Outbrain to cover tax obligations arising from the vesting and settlement of restricted stock units at a price of $4.61 per share.
- Galai also indirectly owns 99,992 shares through Galai Investments, LLC, where he holds a 55% membership interest.
- Following the reported transactions, Galai directly owns 3,516,344 shares of Outbrain common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for insiders of publicly traded companies and provides transparency into their transactions involving the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 10/07/2024 | Date of transaction involving common stock and tax obligation fulfillment. |
| 10/08/2024 | Date of signature for the report. |
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