Form 4: Veritone CEO Ryan Steelberg Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ryan Steelberg, CEO of Veritone, Inc., reports a transaction involving the withholding of shares for tax obligations and details of beneficial ownership through trusts and an LLC.
Summary
- On October 31, 2024, Veritone CEO Ryan Steelberg had 5,040 shares of common stock withheld for payment of taxes upon the vesting of restricted stock units at a price of $3.25 per share.
- Following this transaction, Steelberg directly owns 721,704 shares of Veritone common stock.
- Steelberg also has indirect ownership of 215,174 shares through The RSS Living Trust, dated April 6, 2012, for which he serves as trustee.
- Additionally, he indirectly owns 2,003,349 shares through RVH, LLC, where he is the sole manager and member.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions; it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions and ownership positions.
Stakeholder Impact
- Shareholders are informed about the CEO's stock transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| April 6, 2012 | Date of The RSS Living Trust |
| October 31, 2024 | Date of transaction involving share withholding for taxes |
| November 4, 2024 | Date of report filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.