Teads (TEAD) CAO Bradshaw Wenkai Withholds Shares for Taxes

What Happened
Bradshaw Wenkai, Teads’ Chief Accounting Officer and SVP Corporate Controller, had a total of 2,576 shares withheld by the company on September 5, 2026 to cover tax obligations arising from vesting/settlement of equity awards. The withheld shares were reported as dispositions at $0.50 per share, totaling $1,288 (94 shares = $47; 2,104 shares = $1,052; 378 shares = $189). These were tax-withholding transactions (not open-market sales or purchases).

Key Details

• Transaction date: September 5, 2026; reported on Form 4 filed September 9, 2026.
• Price per share: $0.50; total withheld/disposed: 2,576 shares for $1,288.
• Shares owned after transaction: Not disclosed in the filing.
• Transaction code: F (shares withheld to cover tax liabilities).
• Filing timeliness: Form 4 filed 4 days after the transactions — Form 4s are generally required within 2 business days, so this filing appears later than typical.
• Footnotes included in the filing:
  • F1: Withheld to cover tax on performance stock units under the 2021 Long-Term Incentive Plan (Rule 16b-3 exemption).
  • F2: Withheld to cover tax on restricted stock units under the 2021 Long-Term Incentive Plan (Rule 16b-3 exemption).
  • F3: Withheld to cover tax on restricted stock units under the 2007 Omnibus Securities and Incentive Plan (Rule 16b-3 exemption).

Context
These were routine tax-withholding dispositions related to equity vesting/settlement (cashless withholding by the issuer) rather than voluntary open-market sales or purchases. Such withholdings reduce the number of shares the insider receives upon vesting but do not necessarily indicate a change in the insider’s investment outlook. The transactions are reported as exempt under Rule 16b-3.