Form 4: Outbrain Inc. Executive Bradshaw Wenkai Reports Changes in Beneficial Ownership
SEC Form 4 Filing
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 June 7, 2024, Bradshaw Wenkai, CAO & SVP Corporate Controller of Outbrain Inc., reported changes in beneficial ownership of common stock.
- 1,813 shares were disposed of at a price of $4.57 per share to cover tax obligations related to the 2021 Long-Term Incentive Plan.
- An additional 198 shares were disposed of at $4.56 per share to cover tax obligations related to the 2007 Omnibus Securities and Incentive Plan.
- Following these transactions, Bradshaw Wenkai directly owns 112,144 shares of Outbrain Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of transaction: disposal of shares to cover tax obligations. |
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