Criteo (CRTO) Director Ernst Teunissen Converts 12,471 Shares
$CRTO · Criteo S.A.Research Summary
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Criteo (CRTO) Director Ernst Teunissen Converts 12,471 Shares
What Happened
Ernst Teunissen, a director of Criteo S.A. (CRTO), shows a disposition and immediate acquisition of 12,471 shares on July 29, 2026. The filing records a disposition to the issuer of 12,471 shares at $0.00 and an acquisition of 12,471 shares at $0.00 — reflecting a corporate conversion/reclassification rather than a sale or purchase for cash.
Key Details
- Transaction date: July 29, 2026.
- Reported trades: Disposition (D) of 12,471 shares @ $0.00 and Acquisition (A) of 12,471 shares @ $0.00. Total cash value reported: $0.
- Reason: These entries reflect the issuer’s conversion from a French public limited company to a Luxembourg public limited company; shares (including those previously represented by ADSs) continued as ordinary shares of the new entity (see footnotes F1 and F2).
- Ownership correction: Footnote F4 notes the filer corrected a prior understatement of beneficial ownership by three shares due to a rounding error.
- Timeliness: The Form 4 covers the 7/29/2026 transaction and was filed with the same report date; the filing does not indicate a late report.
Context
This is an organizational conversion (corporate re-domiciliation) and not a market transaction — no cash changed hands and the insider did not buy or sell stock for proceeds. Such filings record the technical disposition and re-acquisition of the same number of shares so equity awards and share counts continue under the new corporate form; they do not, by themselves, signal a change in insider sentiment. For more background on the insider’s total holdings, see the company’s most recent proxy statement (footnote F3).