Galai Yaron 4

What Happened
Yaron Galai, Director, Co‑Founder and Board Chair of Teads Holding Co. (TEAD), received an award of 20,000 restricted stock units (RSUs) reported on May 13, 2026. The Form 4 records this as an award/acquisition (code A) at an acquisition price of $0.00, so no cash was paid at grant; the filing shows $0 immediate value because these are future, contingent shares rather than an open‑market purchase.

Key Details

• Transaction date: May 13, 2026; Form 4 filed May 18, 2026 (appears to be filed after the typical 2‑business‑day window).
• Transaction type: Award/Grant (Form 4 code A).
• Shares granted: 20,000 RSUs; acquisition price listed as $0.00; immediate dollar amount shown: $0.
• Vesting: Per footnote, RSUs vest in 12 equal increments over three years beginning June 5, 2026, on each quarterly anniversary.
• Shares owned after transaction: Not specified in the filing.
• No indication in the filing of a 10b5‑1 plan, tax withholding, or immediate sale.

Context
RSU grants are compensation that convert to actual shares only if the vesting conditions are met; they are not the same as an open‑market purchase (which some investors view as a stronger bullish signal). Because the Form 4 was filed several days after the transaction date, transparency was delayed relative to the SEC’s usual two‑business‑day reporting expectation.