Form 4: Veritone CEO Ryan Steelberg Reports Stock Transactions

Veritone's CEO, Ryan Steelberg, has reported the disposal of company stock to cover tax obligations related to vesting restricted stock units.

Summary

• Ryan Steelberg, the President and CEO of Veritone, Inc., has filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 31, 2024, 5,040 shares of common stock were disposed of at a price of $3.28 per share to cover tax obligations.
• On January 2, 2025, an additional 26,703 shares were disposed of at a price of $3.20 per share for the same reason.
• Following these transactions, Mr. Steelberg directly owns 684,921 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 is a routine filing of stock transactions by an executive. It does not indicate any positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders who have stock transactions. It is a routine disclosure and does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are related to tax obligations from vesting restricted stock units, which is a common practice for executive compensation.
• The number of shares disposed of is relatively small compared to the total holdings, which is typical for these types of transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small portion of the total shares outstanding.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Veritone, Ryan Steelberg, stock disposal, Form 4, beneficial ownership, restricted stock units, tax obligations, insider trading