Kostman David 4
Research Summary
AI-generated summary
Teads CEO David Kostman Receives 324,000 RSU Award
What Happened
David Kostman, CEO of Teads Holding Co., was granted 324,000 restricted stock units (RSUs) on May 13, 2026. The Form 4 lists the acquisition as an award (code A) at $0.00 per share (total recorded value $0), meaning no cash was paid by the insider at grant. This is a compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-13; reported on Form 4 filed 2026-05-18.
- Price/consideration: $0.00 per share; total recorded value $0 (grant).
- Grant size: 324,000 RSUs under the Issuer's 2007 Omnibus Securities and Incentive Plan.
- Vesting (per footnote): vests over four years — 1/8 (12.5%) vests on June 5, 2026, then 1/16 (6.25%) vests on Sept 5, 2026 and each quarterly anniversary thereafter.
- Shares owned after transaction: not disclosed in the provided filing.
- Timeliness: Form 4 was filed 5 days after the transaction date; this appears later than the typical 2-business-day reporting window.
Context
RSUs are a form of equity compensation that convert to shares upon vesting; no cash changed hands at grant. Such awards reflect company compensation practices and do not by themselves indicate insider buying or selling sentiment. The reported late filing is a disclosure/timeliness note for investors but does not change the nature of the award.