Form 4: Taboola.com Executive Sundjaja Kristy Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Kristy Sundjaja, Chief People Officer at Taboola.com, reports withholding of shares to cover tax obligations related to vesting Restricted Share Units (RSUs).
Summary
- On August 16, 2024, Kristy Sundjaja, Chief People Officer of Taboola.com Ltd., had 27,999 ordinary shares withheld to satisfy tax obligations related to the vesting of previously awarded Restricted Share Units (RSUs).
- No shares were sold in this transaction.
- Following the transaction, Sundjaja beneficially owns 816,823 ordinary shares, which includes 253,669 ordinary shares.
- The holdings also include RSUs vesting in quarterly installments through 2026 (103,528 RSUs), 2027 (206,844 RSUs), and 2028 (252,782 RSUs), contingent on continued service.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves withholding shares for tax purposes rather than a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of transaction: shares withheld for tax obligations. |
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