Walker Stephen C 4

What Happened
Stephen C. Walker, Chief Financial Officer of Taboola.com Ltd. (TBLA), exercised 170,070 stock options on May 8, 2026. The exercise had an aggregate exercise cost of $447,284 (170,070 × $2.63). As part of a cashless exercise, 132,590 of the resulting shares were surrendered/withheld (reported as disposed) to cover the exercise price and tax liability at a value of $668,254 (132,590 × $5.04). Net new shares retained by Walker from this exercise were 37,480 shares.

Key Details

• Transaction date: May 8, 2026. Exercise entries reported as code M (option exercise); withholding reported as code F (tax/exercise price payment).
• Exercise details: 170,070 options exercised at $2.63 per share (total $447,284). 132,590 shares withheld/disposed at $5.04 per share (total $668,254).
• Net shares acquired: 37,480 shares (170,070 exercised − 132,590 withheld).
• Beneficial ownership after transaction: 992,433 ordinary shares (per filing footnote F2). Additionally, Walker holds restricted stock units (RSUs) that vest over time: 148,928 (through 2027), 320,993 (through 2028), 721,352 (through 2029), and 1,089,799 (through 2030) — each RSU converts to one ordinary share upon vesting.
• Notable footnotes: F1 confirms the withholding was to pay exercise price and taxes in a cashless exercise; the options were scheduled to expire June 14, 2026. F7 notes options were immediately exercisable.
• Filing timeliness: Report filed May 8, 2026 (same day as the transaction), with no late filing indicated.

Context
This was a cashless exercise of options: Walker converted options into shares and immediately surrendered a portion to cover the exercise cost and tax withholding — a routine, non‑market-sale mechanism that does not necessarily signal a bullish or bearish view. The filing shows remaining vested and unvested RSUs with multi-year vesting schedules, which represent additional future share deliveries if Walker remains with the company.