Form 4: Veritone CEO Ryan Steelberg Reports Changes in Beneficial Ownership

Ryan Steelberg, CEO of Veritone, Inc., reports a transaction involving the withholding of shares for tax obligations and details beneficial ownership through trusts and LLCs.

Summary

• On July 31, 2024, Ryan Steelberg, the President and CEO of Veritone, Inc., reported changes in his beneficial ownership of the company's common stock.
• 5,040 shares were withheld to cover tax obligations upon the vesting of restricted stock units at a price of $2.63 per share.
• Following the transaction, Steelberg directly owns 736,824 shares of common stock.
• He also has indirect ownership of 215,174 shares through The RSS Living Trust and 2,003,349 shares through RVH, LLC.
• Steelberg disclaims beneficial ownership of the shares held by The RSS Living Trust, except to the extent of his pecuniary interest.
• He is the sole manager and member of RVH, LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice for publicly traded companies.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in the number of shares held by the CEO.

Key Dates