Form 4: Taboola Director Nechemia Jacob Peres Reports Changes in Beneficial Ownership

Nechemia Jacob Peres, a director at Taboola.com Ltd., reported changes in beneficial ownership of ordinary shares, including the acquisition of restricted share units and indirect ownership through affiliated venture capital funds.

Summary

• On August 9, 2024, Nechemia Jacob Peres, a director of Taboola.com Ltd., filed a Form 4 to report changes in beneficial ownership.
• Peres acquired 59,172 ordinary shares through Restricted Share Units (RSUs) granted in connection with their service on the Issuer's Board of Directors.
• 100% of the RSUs shall vest on May 1, 2025, subject to the Reporting Person's continuous service through the vesting date.
• Each RSU represents the right to receive one ordinary share upon vesting and settlement.
• Peres also reported indirect beneficial ownership of ordinary shares held by Pitango Venture Capital funds.
• The reporting person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.
• These funds include Pitango Venture Capital Fund VI, L.P. (5,541,515 shares), Pitango Venture Capital Fund VI-A, L.P. (713,899 shares), and Pitango Venture Capital Principals Fund VI, L.P. (132,234 shares).

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing. The RSU grant is a moderately positive sign, indicating alignment of interests between the director and shareholders.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future.

Future Outlook

The vesting of RSUs on May 1, 2025, is contingent upon the director's continued service.

Industry Context

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

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders.

Key Dates