David Kostman - Jun 4, 2024 Form 4 Insider Report for Outbrain Inc. (OB)

Signature
/s/ Veronica Gonzalez, as attorney-in-fact
Stock symbol
OB
Transactions as of
Jun 4, 2024
Transactions value $
$0
Form type
4
Date filed
6/6/2024, 08:36 PM
Previous filing
Apr 8, 2024
Next filing
Jun 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OB Common Stock Award $0 +200K +40.34% $0.00 696K Jun 4, 2024 Direct F1

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 Award $0 +400K $0.00 400K Jun 4, 2024 Common Stock 400K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units granted pursuant to the Issuer's 2021 Long-Term Incentive Plan which vest in increments over a period of four years as follows: one-eighth of such awards shall vest on the grant date, and one-sixteenth of such awards shall vest on September 5, 2024 and each quarterly anniversary thereafter.
F2 Represents the target amount of Performance Stock Units ("PSUs") granted to the reporting person pursuant to the Issuer's 2021 Long-Term Incentive Plan. Each PSU represents a right to receive one share of common stock subject to achievement of both service-based and performance-based vesting conditions, with the performance-based condition based on the achievement by the Issuer of pre-established stock price targets, over a three-year performance period ending on December 31, 2026. Subject to achievement of above-target stock price goals, the reporting person is eligible to earn up to 200% of the target amount of PSUs reported here.