4//SEC Filing
Callini Anthony 4
Accession 0001140361-25-004434
CIK 0001835378other
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 8:42 PM ET
Size
10.4 KB
Accession
0001140361-25-004434
Insider Transaction Report
Form 4
Callini Anthony
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2025-02-13−750→ 0 total(indirect: by Daughter) - Disposition to Issuer
Common Stock
2025-02-13−714,680→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2025-02-13−600,000→ 0 totalExercise: $1.02Exp: 2033-10-10→ Common Stock (600,000 underlying)
Footnotes (4)
- [F1]Includes 487,501 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, (i) all 227,179 shares of Common Stock 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, and (ii) all unvested restricted stock units held by the Reporting Person were canceled (the "Canceled RSUs"), with (a) 125,001 of the Canceled RSUs converted into the right to receive a lump sum cash payment equal to $3.15 per share of Common Stock subject to such Canceled RSUs, and (b) 362,500 of the Canceled RSUs exchanged for unvested restricted stock units of OceanKey TopCo LLP, subject to substantially similar terms as the Canceled RSUs, in each case, subject to any applicable withholding taxes.
- [F3]Pursuant to the Merger Agreement the shares of Common Stock were canceled as of the Effective Time and converted into the right to receive a lump sum cash payment equal to $3.15 per share of Common Stock.
- [F4]Pursuant to the Merger Agreement, each outstanding stock option, whether vested or unvested as of the Effective Time, whose exercise price is less than $3.15 was vested, canceled and converted into the right to receive a lump sum cash payment, without interest, equal to the product of (x) the excess, if any, of $3.15 over the applicable exercise price per share of the Common Stock subject to such stock option multiplied by (y) the aggregate number of shares of Common Stock subject to such stock option, subject to all applicable withholding taxes. Any stock option whose exercise price was equal to or greater than $3.15 was canceled for zero consideration as of the Effective Date.
Documents
Issuer
Innovid Corp.
CIK 0001835378
Entity typeother
Related Parties
1- filerCIK 0001693357
Filing Metadata
- Form type
- 4
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 8:42 PM ET
- Size
- 10.4 KB