Yossi Sela - 27 Jul 2021 Form 4 Insider Report for Outbrain Inc. (OB)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Jul 2021, 17:01:43 UTC
Prior SEC filing
22 Jul 2021
Next SEC filing
19 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Yossi Sela

Key filing fact

Yossi Sela filed Form 4 for Outbrain Inc. (OB) on 29 Jul 2021.

Key facts

  • This page summarizes Yossi Sela's Form 4 filing for Outbrain Inc. (OB).
  • 5 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 29 Jul 2021, 17:01.

Change

  • Previous filing in this sequence was filed on 22 Jul 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OB transaction

Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+4,383,637
Change %
+815%
Price
$0.000000
Shares after
4,921,763
Date
27 Jul 2021
Ownership
See footnote
Footnotes
F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OB transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-1,667,090
Change %
-100%
Price
$0.000000*
Shares after
0
Date
27 Jul 2021
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
1,667,090
Exercise price
Footnotes
F1, F2, F3
OB transaction Derivative

Series B Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-1,531,301
Change %
-100%
Price
$0.000000*
Shares after
0
Date
27 Jul 2021
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
1,531,301
Exercise price
Footnotes
F1, F2, F3
OB transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-935,247
Change %
-100%
Price
$0.000000*
Shares after
0
Date
27 Jul 2021
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
935,247
Exercise price
Footnotes
F1, F2, F3
OB transaction Derivative

Series F Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-219,244
Change %
-100%
Price
$0.000000*
Shares after
0
Date
27 Jul 2021
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
249,999
Exercise price
Footnotes
F1, F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The shares are held directly by Gemini Israel IV L.P. ("Gemini LP"), Gemini Israel IV (Annex Fund) L.P. ("Gemini LP Annex"), Gemini Partners Investors IV L.P. ("Gemini Partners") and Gemini Partners Investors IV (Annex Fund) L.P. ("Gemini Partners Annex," and together with Gemini LP, Gemini LP Annex and Gemini Partners, the "Gemini Funds"). Gemini Israel Funds Ltd. is the general partner and/or controlling partner of each of the Gemini Funds.

Footnote F2

The reporting person, through his position, relationship and/or affiliation with the Gemini Entities, may have shared voting and investment power with respect to the shares beneficially owned by the Gemini Funds. As such, the reporting person may be deemed to have or share beneficial ownership of the shares beneficially owned by the Gemini Funds. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

Footnote F3

The shares of Series A, Series B, Series C and Series F Preferred Stock previously reported by the reporting person converted to Common Stock on July 27, 2021 at the ratios specified in the company's Eleventh Amended and Restated Certificate of Incorporation, which is included as Exhibit 3.3 to the company's Registration Statement on Form S-1, as amended (File No. 333-257525), in connection with the consummation of the company's initial public offering.

Footnote F4

Includes 30,755 shares issued pursuant to a preset automatic anti-dilution adjustment set forth in the terms of the Series F Preferred Stock.

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