Form 4: Taboola.com Executive Lior Golan Reports Acquisition of 706,184 Ordinary Shares

Lior Golan, Chief Technology Officer of Taboola.com Ltd., reports acquiring 706,184 ordinary shares through Restricted Share Units (RSUs) on March 1, 2024.

Summary

• Lior Golan, the Chief Technology Officer of Taboola.com Ltd., filed a Form 4 with the SEC on March 5, 2024.
• The report details the acquisition of 706,184 ordinary shares through the grant of Restricted Share Units (RSUs) on March 1, 2024, at a price of $4.67 per share.
• These RSUs vest in equal quarterly installments through 2028, contingent upon Golan's continued service to Taboola.
• Following the reported transaction, Golan beneficially owns 3,251,475 ordinary shares, which includes 1,890,009 ordinary shares and 655,282 RSUs vesting through 2027.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by the CTO suggests confidence in the company's prospects, but it's a routine transaction.

Positives

• The acquisition of shares by a key executive can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The RSUs vest in equal quarterly installments through 2028, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

Industry Context

Executive compensation in the tech industry often includes stock options and RSUs to align management's interests with those of shareholders. This filing reflects a standard practice of incentivizing key personnel.

Comparison to Industry Standards

• Similar grants of RSUs are common among publicly traded technology companies to incentivize executives.
• Companies like Google, Meta, and Amazon also use RSUs as part of their compensation packages for key employees.
• The vesting schedule of quarterly installments through 2028 is a typical arrangement to ensure long-term commitment.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment, as it signals confidence from a key executive.

Key Dates