Perion Network (PERI) director logs 2,916-share tax withholding sale
Rhea-AI Filing Summary
Perion Network Ltd. director Eyal Kaplan reported a small share disposition linked to tax obligations rather than a discretionary sale. On the reported date, 2,916 Ordinary Shares were sold at $9.77 per share, with the filing stating these shares were withheld and sold by the company to satisfy tax withholding on vested restricted share units.
Following this tax-related transaction, Kaplan’s direct holdings stood at 54,142 Ordinary Shares, indicating he retained the vast majority of his equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,916 | $9.77 | $28K |
Footnotes (1)
- F1. The shares sold represent shares withheld and sold by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted share units
Key Figures
Key Terms
tax withholding obligations financial
open-market sale financial
FAQ
What did Perion Network (PERI) director Eyal Kaplan report in this Form 4?
Director Eyal Kaplan reported a disposition of 2,916 Ordinary Shares of Perion Network. The shares were sold at $9.77 per share and were linked to tax withholding on the vesting of restricted share units, not a discretionary open-market sale.
Is Kaplan’s Form 4 transaction in Perion Network (PERI) an open-market signal?
The transaction is coded as an open-market sale, but the footnote explains the shares were withheld and sold by the issuer to cover tax withholding obligations on restricted share unit vesting, which is typically considered a routine, mechanistic event rather than a discretionary trading signal.
AI-generated analysis. How Rhea-AI works. Not financial advice.