Form 4: Veritone CEO Ryan Steelberg Sells Shares to Cover Taxes After Stock Vesting

Veritone's CEO, Ryan Steelberg, sold 5,040 shares of common stock to cover taxes following the vesting of restricted stock units.

Summary

• Ryan Steelberg, the President and CEO of Veritone, Inc., sold 5,040 shares of common stock on November 30, 2024.
• The sale was executed at a price of $2.64 per share.
• This transaction was to cover tax obligations arising from the vesting of restricted stock units.
• Following the transaction, Steelberg directly owns 716,664 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 for tax purposes, not indicative of positive or negative sentiment towards the company.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executives at publicly traded companies often sell shares to cover tax obligations related to stock-based compensation.
• The sale of 5,040 shares is relatively small compared to the total holdings of Ryan Steelberg, which includes 716,664 directly held shares and over 2 million indirectly held shares.
• This type of transaction is common and does not necessarily indicate a change in the executive's outlook on the company's future.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on the stock price, but it is unlikely to be significant given the relatively small number of shares sold compared to the total outstanding shares.
• This transaction is a normal part of executive compensation and is not expected to have a material impact on other stakeholders.

Key Dates

Keywords

Veritone, Ryan Steelberg, stock sale, insider trading, Form 4, executive compensation, restricted stock units, tax obligations