TBLA Form 4: Shachar Erez RSU grant and Evergreen-affiliated shareholdings
Rhea-AI Filing Summary
Shachar Erez, a director of Taboola.com Ltd. (TBLA), was granted 58,068 restricted share units on 08/08/2025 as board compensation. The RSUs vest 100% on May 1, 2026 subject to the Reporting Person's continuous service; each RSU represents the right to receive one ordinary share upon vesting and settlement at no cash price. The filing discloses substantial indirect holdings held by affiliated entities: Evergreen V: 20,730,847 shares, Evergreen VA: 2,330,765 shares, and Evergreen V GP: 12,211 shares. The Reporting Person is a principal and managing partner of Evergreen Venture Partners and disclaims beneficial ownership of those affiliated holdings except to the extent of any pecuniary interest.
Positive
- 58,068 RSUs granted to the director as board compensation
- 100% vesting on May 1, 2026, subject to continuous service
- Each RSU converts to one ordinary share upon vesting and settlement
Negative
- Reporting Person disclaims beneficial ownership of affiliated holdings except to the extent of any pecuniary interest
- Large concentrated indirect holdings disclosed (Evergreen V: 20,730,847; Evergreen VA: 2,330,765; Evergreen V GP: 12,211)
- Proceeds of any sale of vested shares must be remitted to Evergreen Venture Partners, indicating restricted economic control
Insights
TL;DR: Director RSU grant is a routine compensation event; large affiliated holdings are notable but this filing reports grants and ownership rather than open-market trades.
The 58,068 restricted share units are compensation for board service and vest fully on May 1, 2026, which creates a potential future issuance of shares upon settlement but does not indicate an immediate sale or purchase in the market. The disclosure of 20,730,847 shares held by Evergreen V and additional holdings through related entities signals concentrated ownership among affiliated investors. That concentration may be relevant for shareholder control considerations, yet the form records no disposition or open-market transaction by the reporting person that would directly affect liquidity or share supply today.
TL;DR: Filing documents director compensation and complex ownership through affiliated entities with a formal disclaimer of beneficial ownership.
The report confirms grant of RSUs tied to continued service, a common governance practice to align director incentives with long-term performance. The Reporting Person's role as principal and managing partner of Evergreen Venture Partners and the stated obligation to remit proceeds of any sale of vested shares to Evergreen clarify the economic and control relationships. The repeated disclaimers that the Reporting Person does not claim beneficial ownership except for any pecuniary interest are material from a disclosure and governance standpoint because they delineate where legal ownership and voting power may reside within the affiliated structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 58,068 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Restricted Share Units ("RSUs") granted to the Reporting Person in connection with their service on the Issuer's Board of Directors. 100% of the RSUs shall vest on May 1, 2026, subject to the Reporting Person's continuous service through the vesting date. Each RSU represents the right to receive one ordinary share upon vesting and settlement. The Reporting Person is a principal and managing partner of Evergreen Venture Partners, Ltd. ("Evergreen Venture Partners"), and is obligated to remit the proceeds of any sale of ordinary shares issued to the Reporting Person upon vesting of RSUs to Evergreen Venture Partners. As such, the Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16"), except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. The reported shares are held directly by Evergreen V, L.P. ("Evergreen V"). Evergreen 5 GP Ltd. ("Evergreen 5") is the general partner of Evergreen V GP, LP ("Evergreen V GP"), which is the general partner of Evergreen V. Evergreen Venture Partners is the sole shareholder of Evergreen 5. The Reporting Person is a principal and managing partner of Evergreen Venture Partners, and disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. The reported shares are held directly by Evergreen VA, L.P. ("Evergreen VA"). Evergreen 5 is the general partner of Evergreen V GP, which is the general partner of Evergreen VA. Evergreen Venture Partners is the sole shareholder of Evergreen 5. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. The reported shares are held directly by Evergreen V GP. Evergreen 5 is the general partner of Evergreen V GP. Evergreen Venture Partners is the sole shareholder of Evergreen 5. The Reporting Person is a principal and managing partner of Evergreen Venture Partners, and disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.
