Form 4: Outbrain Inc. Co-Founder Yaron Galai Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., executed multiple sales of common stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., reported the sale of Outbrain Inc. common stock.
- The transactions occurred between July 15, 2024, and July 17, 2024.
- A total of 22,283 shares were sold at prices ranging from $4.95 to $4.98 per share.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 14, 2023.
- Following the reported transactions, Galai directly owns 3,520,972 shares of Outbrain Inc. common stock.
- Additionally, 99,992 shares are held indirectly through Galai Investments, LLC, where Galai has a 55% membership interest.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-existing trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares at predetermined times to avoid accusations of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| November 14, 2023 | Date the Rule 10b5-1 trading plan was adopted by the reporting person |
| July 15, 2024 | Date of the first reported transaction |
| July 16, 2024 | Date of a reported transaction |
| July 17, 2024 | Date of the last reported transaction |
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