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 May 16, 2024, Kristy Sundjaja, Chief People Officer of Taboola.com Ltd., had 27,997 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 $4.34 per share.
- Following the transaction, Sundjaja beneficially owns 847,422 ordinary shares.
- This total includes 228,272 ordinary shares and several tranches of RSUs vesting through 2028.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing share transactions for tax purposes, with no inherent positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider transactions, allowing investors to stay informed about the actions of company executives and their potential impact on the stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine share withholding for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of share withholding for tax obligations. |
| 05/17/2024 | Date of signature by Attorney-in-fact. |
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