Form 4: Taboola Director Erez Shachar Reports Share Transactions

Director Erez Shachar reports acquisition and disposition of Taboola.com Ltd. shares, including grants of Restricted Share Units (RSUs) and indirect holdings through Evergreen Venture Partners.

Summary

• Erez Shachar, a director of Taboola.com Ltd., filed a Form 4 detailing changes in beneficial ownership.
• On August 9, 2024, Shachar acquired 59,172 ordinary shares through Restricted Share Units (RSUs) granted for board service.
• These RSUs vest on May 1, 2025, contingent upon continuous service.
• Each RSU represents the right to receive one ordinary share upon vesting and settlement.
• Shachar also reported the disposition of 59,172 ordinary shares.
• Shachar is a principal and managing partner of Evergreen Venture Partners, Ltd. and is obligated to remit the proceeds of any sale of ordinary shares issued to the Reporting Person upon vesting of RSUs to Evergreen Venture Partners.
• Shachar disclaims beneficial ownership of shares held by Evergreen V, L.P., Evergreen VA, L.P., and Evergreen V GP, except to the extent of his pecuniary interest.
• These entities hold 20,730,847, 2,330,765 and 12,211 ordinary shares respectively.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.

Positives

• The grant of RSUs to a director aligns their interests with the company's long-term performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about insider transactions, which can influence investor sentiment.

Key Dates