Form 4: Outbrain Inc. Executive Bradshaw Wenkai Reports Changes in Beneficial Ownership

Outbrain Inc.'s CAO & SVP Corporate Controller, Bradshaw Wenkai, reports changes in beneficial ownership due to tax obligations arising from vesting and settlement of restricted stock units.

Summary

• On September 7, 2024, Bradshaw Wenkai, CAO & SVP Corporate Controller of Outbrain Inc., reported changes in beneficial ownership of common stock.
• 198 shares were withheld by the issuer to cover tax obligations related to the vesting and settlement of restricted stock units under the 2007 Omnibus Securities and Incentive Plan at a price of $4.8 per share.
• An additional 1,260 shares were withheld to cover tax obligations related to the vesting and settlement of restricted stock units under the 2021 Long-Term Incentive Plan, also at $4.8 per share.
• Following these transactions, Bradshaw Wenkai directly owns 110,289 shares of Outbrain Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices and tax obligations. It doesn't indicate any 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 the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations, a common practice in executive compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it relates to tax obligations from vested stock.

Key Dates