Form 4: Veritone Director Chad Steelberg Acquires 30,000 Restricted Stock Units

Chad Steelberg, a director and 10% owner of Veritone, Inc., acquired 30,000 restricted stock units (RSUs) on June 13, 2024, which vest on the earlier of June 13, 2025, or the day before the 2025 annual meeting of stockholders.

Summary

• On June 13, 2024, Chad Steelberg, a director and 10% owner of Veritone, Inc., acquired 30,000 restricted stock units (RSUs).
• These RSUs represent the right to receive 30,000 shares of Veritone's common stock upon vesting.
• The RSUs will vest on the earlier of June 13, 2025, or the day immediately preceding the date of Veritone's 2025 annual meeting of stockholders.
• Following the transaction, Steelberg directly owns 536,518 shares of common stock.
• Steelberg also has indirect ownership through various entities and family members, including Steel Holdings, LLC (59,229 shares), The C&CS Family Trust (59,629 shares), CSVH, LLC (160,426 shares), his son (425,603 shares), his daughter (425,603 shares), and his spouse as custodian (425,603 shares).
• Steelberg disclaims beneficial ownership of shares held by family members and trusts, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing a transaction. The acquisition of RSUs by a director could be interpreted as a slightly positive signal, but it's not definitive.

Positives

• The acquisition of RSUs by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting of the RSUs is contingent on continued service through June 13, 2025, or the day before the 2025 annual meeting of stockholders.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing indicates Chad Steelberg's continued investment in Veritone.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company insider.

Key Dates