Form 4: Taboola CEO Adam Singolda Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
CEO Adam Singolda of Taboola.com Ltd. reports withholding of shares to cover tax obligations related to vesting Restricted Share Units (RSUs).
Summary
- On October 1, 2024, Adam Singolda, CEO of Taboola.com Ltd., had 44,914 ordinary shares withheld to satisfy tax obligations related to the vesting of previously awarded Restricted Share Units (RSUs).
- The shares were withheld at a price of $3.36 per share.
- Following the transaction, Singolda beneficially owns 14,630,539 ordinary shares.
- This total includes 12,004,549 ordinary shares and several tranches of RSUs vesting through 2028.
- The RSUs vest in equal quarterly installments, contingent on Singolda's continued service to Taboola.
Sentiment
Score: 5
Explanation: This is a neutral filing related to tax obligations, not indicative of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors and officers. This filing indicates routine tax-related transactions and doesn't necessarily reflect a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of share withholding for tax obligations. |
| 10/03/2024 | Date of signature for the Form 4 filing. |
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