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 the disposition of shares to cover tax obligations and discloses holdings through Galai Investments, LLC.
Summary
- Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., filed a Form 4 detailing changes in beneficial ownership.
- On September 7, 2024, 3,147 shares of common stock were disposed of at a price of $4.8 per share to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Galai directly owns 3,517,825 shares of Outbrain Inc.
- 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 standard regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/07/2024 | Date of transaction: disposition of 3,147 shares for tax obligations. |
| 09/09/2024 | Date of signature on the Form 4 filing. |
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