Form 4: Veritone CEO Ryan Steelberg Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ryan Steelberg, CEO of Veritone, Inc., reports the withholding of shares for tax obligations and details beneficial ownership through trusts and an LLC.
Summary
- Ryan Steelberg, the President and CEO of Veritone, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On May 31, 2024, 5,034 shares of common stock were withheld to cover tax obligations related to the vesting of restricted stock units at a price of $2.95 per share.
- Following this transaction, Steelberg directly owns 746,861 shares.
- He also indirectly owns 215,174 shares through The RSS Living Trust, dated April 6, 2012, 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 regulatory filing detailing changes in beneficial ownership. It doesn't convey strong positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to tax obligations and does not necessarily reflect a change in the executive's overall confidence in the company.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| April 6, 2012 | Date of The RSS Living Trust |
| May 31, 2024 | Date of the reported transaction (withholding of shares for taxes) |
| June 03, 2024 | Date of signature on the Form 4 filing |
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