Form 4: Veritone CEO Ryan Steelberg Reports Stock Transaction Following Vesting of Restricted Stock Units

Veritone's CEO, Ryan Steelberg, disposed of 18,848 shares of common stock to cover tax obligations following the vesting of restricted stock units.

Summary

• Ryan Steelberg, CEO of Veritone, Inc., reported a transaction involving the company's common stock.
• On January 2, 2025, 18,848 shares were disposed of at a price of $3.2 per share.
• This transaction was due to the withholding of shares for payment of taxes upon the vesting of restricted stock units.
• Following the transaction, Steelberg directly owns 666,073 shares of Veritone common stock.
• He also indirectly owns 215,174 shares through The RSS Living Trust and 2,003,349 shares through RVH, LLC.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of withholding shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• The transaction is typical for executives receiving stock-based compensation.
• Many companies use restricted stock units as part of their compensation packages, and the subsequent tax withholding is a standard procedure.
• Similar filings are regularly made by executives at companies like Adobe, Salesforce, and Oracle when their stock options or restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for executive compensation.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Veritone, Ryan Steelberg, stock transaction, Form 4, insider trading, restricted stock units, tax withholding, beneficial ownership