Form 4: Taboola CFO Stephen Walker Disposes of Shares to Cover Tax Obligations
SEC Form 4
Stephen Walker, CFO of Taboola.com Ltd., disposed of 52,098 ordinary shares to cover tax obligations related to vesting Restricted Share Units (RSUs).
Summary
- On May 16, 2024, Stephen Walker, the Chief Financial Officer of Taboola.com Ltd., disposed of 52,098 ordinary shares.
- The shares were withheld to satisfy tax withholding obligations related to the vesting of previously awarded Restricted Share Units (RSUs).
- The transaction price was $4.34 per share.
- Following the transaction, Walker beneficially owns 1,585,998 ordinary shares.
- This total includes 369,821 ordinary shares and various tranches of RSUs vesting through 2028.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The disposal of shares by the CFO could have a minor impact on shareholder sentiment, but is likely to be viewed as a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 05/17/2024 | Date of signature by Attorney-in-fact. |
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