Sundjaja Kristy 4
Research Summary
AI-generated summary
Taboola (TBLA) CPO Kristy Sundjaja Withholds 40,879 Shares for Taxes
What Happened
- Kristy Sundjaja, Taboola's Chief People Officer, had 40,879 ordinary shares withheld to satisfy tax withholding obligations related to the vesting of previously awarded RSUs. The withholding was recorded at $3.36 per share, for a total value of $137,353. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-16; filing date: 2026-02-19.
- Shares withheld: 40,879 at $3.36 each; total value reported $137,353.
- Shares owned after transaction: filing reports beneficial ownership that includes 464,674 ordinary shares (per footnote).
- Footnotes of note:
- F1: Shares were withheld to satisfy tax obligations from RSU vesting; no shares were sold.
- F3–F5: The filing discloses outstanding RSUs: 82,738 vesting quarterly through 2027; 144,447 vesting quarterly through 2028; and 309,151 vesting quarterly through 2029. Each RSU converts to one ordinary share upon vesting/settlement.
- Filing timeliness: transaction dated Feb 16 with Form 4 filed Feb 19 (see filing for any late-filing designation).
Context
- This action is a routine tax-withholding event tied to RSU vesting (a code F transaction). Because no shares were sold on the open market, it does not reflect a trade decision to realize gains or to buy more stock. Retail investors typically view tax-withholdings as administrative and not an indicator of insider sentiment.