David Kostman - Mar 7, 2025 Form 4 Insider Report for Outbrain Inc. (OB)

Role
Chief Executive Officer, Director
Signature
/s/ Veronica Gonzalez, as attorney-in-fact
Stock symbol
OB
Transactions as of
Mar 7, 2025
Transactions value $
-$192,609
Form type
4
Date filed
3/11/2025, 07:16 PM
Previous filing
Jan 10, 2025
Next filing
Mar 17, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OB Common Stock Options Exercise $0 +200K +30.56% $0.00 854K Mar 7, 2025 Direct F1
transaction OB Common Stock Tax liability -$146K -34.4K -4.03% $4.23 820K Mar 7, 2025 Direct F2
transaction OB Common Stock Tax liability -$47.1K -11.1K -1.36% $4.23 809K Mar 7, 2025 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OB Performance Stock Units Options Exercise $0 -200K -50% $0.00 200K Mar 7, 2025 Common Stock 200K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the achievement of one of the market based performance metrics of the Performance Stock Units (PSUs), which were previously reported in Table II at the time of grant. Upon achievement, 48,926 shares of common stock were delivered to the reporting person net of withholding (see footnote below). The remaining 116,663 units are subject to service based vesting requirements.
F2 Shares withheld by the Issuer to cover tax obligations arising upon vesting and settlement of Performance Stock Units (PSUs) under the Issuer's 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.
F3 Shares withheld by the Issuer to cover tax obligations arising upon vesting and settlement of restricted stock units under the Issuer's 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.
F4 Represents Performance Stock Units (PSUs) that have not achieved the market based performance metric as of this date. Subject to achievement of above-target stock price goals, the reporting person is eligible to earn up to 300% of the target amount of PSUs reported here.