Adam Singolda - Jun 1, 2023 Form 4 Insider Report for Taboola.com Ltd. (TBLA)

Role
Founder and CEO, Director
Signature
/s/ John Ferrantino, Attorney-in-fact
Stock symbol
TBLA
Transactions as of
Jun 1, 2023
Transactions value $
-$131,007
Form type
4
Date filed
6/2/2023, 04:18 PM
Previous filing
Apr 4, 2023
Next filing
Jul 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TBLA Ordinary Shares Award $0 +1.54M +12.98% $0.00 13.4M Jun 1, 2023 Direct F1
transaction TBLA Ordinary Shares Tax liability -$131K -48K -0.36% $2.73 13.3M Jun 1, 2023 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of Restricted Share Units ("RSUs") granted pursuant to the Issuer's 2021 Share Incentive Plan approved by the Issuer's Board of Directors on February 22, 2023, subject to shareholder approval. The Issuer's shareholders approved the RSU grant on June 1, 2023. The RSUs shall vest in equal quarterly installments through 2027, subject to the Reporting Person's provision of service on each vesting date. Each RSU represents the right to receive one ordinary share upon vesting and settlement.
F2 These shares were withheld to satisfy tax withholding obligations in connection with the vesting of previously awarded RSUs which were subject to shareholder approval that was obtained on June 1, 2023. No shares were sold.
F3 Includes 10,067,086 ordinary shares.
F4 Includes 824,810 vested RSUs. The RSUs will not convert to ordinary shares until the satisfaction of additional time-based settlement conditions to occur in equal quarterly installments during 2023. The settlements are not conditioned on the Reporting Person's provision of service on settlement date. Each RSU represents the right to receive one ordinary share upon settlement.
F5 Includes 988,097 RSUs which shall vest in equal quarterly installments through 2026, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Each RSU represents the right to receive one ordinary share upon vesting and settlement.