Form 4: Veritone CFO Michael Zemetra Reports Stock Disposals for Tax Obligations

Michael Zemetra, CFO of Veritone, Inc., reports disposing of common stock to cover tax obligations upon vesting of restricted stock units.

Summary

• On January 1, 2024, Michael Zemetra, the EVP, CFO & Treasurer of Veritone, Inc., disposed of 3,880 shares of common stock at a price of $1.81.
• On January 19, 2024, Zemetra disposed of 9,714 shares of common stock at a price of $1.69.
• These transactions were to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, Zemetra directly owns 206,399 shares of Veritone, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, which is a routine event.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The stock disposals by the CFO could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates