Form 4: Rumble Inc. CEO Christopher Pavlovski Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Rumble Inc.'s CEO, Christopher Pavlovski, had 196,277 shares withheld by the issuer to cover tax liabilities related to vesting restricted stock units.
Summary
- On September 16, 2024, Rumble Inc. withheld 196,277 shares of Class A Common Stock from CEO Christopher Pavlovski to cover tax obligations.
- This withholding was related to the vesting of restricted stock units granted on September 16, 2022, which vest in three annual installments.
- The second vesting date occurred on September 16, 2024.
- The price per share for the withholding was $5.71.
- Following the transaction, Pavlovski directly owns 881,443 shares of Rumble Inc.
- Pavlovski did not sell any shares as part of this transaction.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock-based compensation and tax obligations. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Management Comments
- Mr. Pavlovski did not sell any shares as part of the transaction reported on this Form 4.
Industry Context
This is a standard procedure for executives receiving stock-based compensation. Companies often withhold shares to cover the executive's tax obligations upon vesting.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 09/16/2022 | Date of original grant of restricted stock units to Mr. Pavlovski in connection with the closing of the de-SPAC transaction. |
| 09/16/2024 | Date of transaction: withholding of shares for tax liability and second vesting date of restricted stock units. |
| 09/18/2024 | Date of signature on the Form 4 filing. |
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