Veritone (VERI) Director Knute P. Kurtz Receives RSU Awards

What Happened

• Knute P. Kurtz, a director of Veritone, received two RSU awards on July 7, 2026 totaling 240,000 restricted stock units (120,000 + 120,000). Each award was granted at $0.00 (i.e., RSUs representing the right to receive shares upon vesting), so there was no purchase price paid at grant. These RSUs convert into shares only when they vest; they are awards/compensation rather than open‑market purchases.

Key Details

• Transaction date: July 7, 2026; Form 4 filed July 9, 2026 (appears timely).
• Transaction code: A = Award/Grant.
• Grant amounts: 120,000 RSUs (Footnote 1) and 120,000 RSUs (Footnote 2) — total 240,000 RSUs.
• Vesting:
  • Footnote 1: 120,000 RSUs vest on the earlier of July 7, 2027 or the day before the 2027 annual meeting.
  • Footnote 2: 120,000 RSUs — 50% (60,000 RSUs) vest on the earlier of July 7, 2027 or the day before the 2027 annual meeting; remaining 50% (60,000 RSUs) vest on March 14, 2028.
  • Net effect: 180,000 RSUs vest by the earlier of July 7, 2027 (or the day before the annual meeting) and 60,000 RSUs vest on March 14, 2028.
• Shares owned after transaction: Not reported in this filing.
• Filing timeliness: Filed two days after the transaction date; no late‑filing flag noted.

Context

• RSUs are compensation awards that convert to common shares when they vest; they do not require an exercise price. The economic value to the recipient depends on Veritone’s share price at vesting.
• Awards like these are common for board members and executives as part of compensation and do not by themselves signal buying or selling intent in the open market.