Form 4: Outbrain Inc. Executive Bradshaw Wenkai Reports Stock Transaction
SEC Form 4 Filing
Bradshaw Wenkai, CAO & SVP Corporate Controller of Outbrain Inc., reports the disposal of 387 common stock shares to cover tax obligations on vested restricted stock units on April 7, 2024.
Summary
- On April 7, 2024, Bradshaw Wenkai, CAO & SVP Corporate Controller of Outbrain Inc., disposed of 387 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting and settlement of restricted stock units.
- The shares were withheld by the company at a price of $4.16 per share.
- Following the transaction, Bradshaw Wenkai beneficially owns 89,655 shares of Outbrain Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/07/2024 | Date of stock transaction where 387 shares were disposed of to cover tax obligations. |
| 04/08/2024 | Date of signature for the Form 4 filing. |
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