Form 4: Outbrain Inc. Co-Founder Yaron Galai Reports Changes in Beneficial Ownership

Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., reports a transaction involving common stock due to tax obligations and 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 June 7, 2024, 3,148 shares of common stock were disposed of at a price of $4.57 per share to cover tax obligations related to the vesting and settlement of restricted stock units.
• Following the transaction, Galai directly owns 3,572,453 shares of Outbrain Inc.
• Galai also indirectly owns 99,992 shares through Galai Investments, LLC, where he holds a 55% membership interest and is the managing member.

Sentiment

Score: 5

Explanation: This is a routine filing related to tax obligations and does not indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation and personal investment management by a key executive.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is related to tax obligations and represents a small percentage of the total shares owned by Yaron Galai.

Key Dates