Gilad Shany - 14 Feb 2025 Form 4 Insider Report for Innovid Corp.

Role
Director
Signature
By: /s/ Gilad Shany
Issuer symbol
N/A
Transactions as of
14 Feb 2025
Net transactions value
$0
Form type
4
Filing time
14 Feb 2025, 16:23:15 UTC
Previous filing
13 Aug 2024
Next filing
12 Aug 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTV Common Stock Disposed to Issuer -1,367,953 -100% 0 13 Feb 2025 Direct F1, F2

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 CTV Warrants to purchase Common Stock Disposed to Issuer -996,283 -100% 0 13 Feb 2025 Common Stock 996,283 $11.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gilad Shany is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Includes 84,951 unvested restricted stock units previously granted to the Reporting Person pursuant to the Innovid Corp. 2021 Omnibus Incentive Plan, each of which represents the right to receive one share of common stock, par value $0.0001 per share (the "Common Stock") of Innovid Corp. (the "Issuer").
F2 Pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement") among Mediaocean LLC, Ignite Merger Sub, Inc. and the Issuer dated November 21, 2024, all shares of Common Stock and all unvested restricted stock units held by the Reporting Person were canceled as of the Effective Time (as defined in the Merger Agreement) and converted into the right to receive a lump sum cash payment equal to $3.15 per share of Common Stock or restricted stock unit, as applicable.
F3 Pursuant to the procedures set forth in the Merger Agreement, each outstanding warrant will, automatically and without any required action on the part of the holder thereof, cease to represent an Issuer warrant in respect of the Issuer's Common Stock and shall become a warrant exercisable for $3.15, with the exception of certain alternate exercise terms as described in the Warrant Agreement, dated as of February 10, 2021, by and between Innovid Corp. (f/k/a ION Acquisition Corp 2 Ltd.), a Delaware corporation and Continental Stock Transfer & Trust Company, a New York limited purpose trust company.