Form 4: Taboola CEO Adam Singolda Disposes of Shares to Cover Tax Obligations

Taboola's CEO, Adam Singolda, disposed of 91,456 ordinary shares to cover tax obligations related to vesting Restricted Share Units (RSUs).

Summary

• Adam Singolda, CEO of Taboola.com Ltd., disposed of 91,456 ordinary shares on November 16, 2024.
• The shares were disposed of at a price of $3.14 per share.
• This transaction was to cover tax withholding obligations related to the vesting of previously awarded Restricted Share Units (RSUs).
• No shares were sold in the traditional sense, they were withheld by the company.
• Following the transaction, Singolda beneficially owns 14,539,083 ordinary shares.
• This total includes 12,096,005 ordinary shares and various RSUs that vest over time.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive equity compensation. It is common for companies to withhold shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies who receive equity-based compensation.
• The practice of withholding shares to cover tax obligations is a standard procedure in the industry.
• The number of shares disposed of is relatively small compared to the total shares owned by the CEO.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related disposal of shares.
• The transaction does not impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Taboola, Adam Singolda, share disposal, restricted share units, RSUs, tax obligations, insider transaction, beneficial ownership