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., sold shares of common stock on June 28, 2024, and July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Yaron Galai, Co-Founder and Board Chair of Outbrain Inc., reported changes in beneficial ownership of the company's stock.
- On June 28, 2024, Galai sold 25,740 shares of common stock at a weighted average price of $4.987 per share.
- On July 1, 2024, Galai sold an additional 1,000 shares of common stock at a weighted average price of $4.966 per share.
- These sales were executed under a Rule 10b5-1 trading plan adopted on November 14, 2023.
- Following these transactions, Galai directly owns 3,544,736 shares of Outbrain Inc. common stock.
- 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 SEC filing reporting stock sales by an insider, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock sales by a company insider and is a common occurrence in publicly traded companies.
Stakeholder Impact
- The stock sales could have a minor impact on shareholder sentiment, but the pre-planned nature of the transactions mitigates potential concerns.
Key Dates
| Date | Description |
|---|---|
| 2023-11-14 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 2024-06-28 | Date of the first reported transaction (sale of 25,740 shares) |
| 2024-07-01 | Date of the second reported transaction (sale of 1,000 shares) |
| 2024-07-02 | Date of the signature on the Form 4 filing |
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