Taboola Form 4: Apollo entities report share sale; holdings disclosed
Rhea-AI Filing Summary
Taboola.com Ltd. insider Form 4 summary: Apollo-affiliated reporting persons disclosed sales of Taboola securities under the issuer's share repurchase program to prevent their ownership from reaching 25%. On 08/18/2025 they reported a J(1) sale of 210,167 Non-Voting Ordinary Shares at $3.26 per share. After the reported transactions, the reporting persons beneficially owned 31,527,277 Non-Voting Ordinary Shares (indirect) and 39,525,691 Ordinary Shares (indirect). The filing states the sales were between the issuer and College Top Holdings, Inc., and references Exhibit 99.1 for further details.
Positive
- Disclosure of transaction purpose: Filing explicitly states sales were to prevent ownership from reaching 25%, providing transparency.
- Clear post-transaction holdings: Reports exact indirect holdings: 31,527,277 Non-Voting Ordinary Shares and 39,525,691 Ordinary Shares.
Negative
- Disposition reported: A sale of 210,167 Non-Voting Ordinary Shares at $3.26 per share was executed.
- Ownership management required: Reporting persons needed to sell shares to keep stake below 25%, indicating proximity to a significant ownership threshold.
Insights
TL;DR: Apollo entities sold a small block of Taboola shares under the company's buyback program to limit ownership below 25%.
The reported transaction is a formal disclosure of a 08/18/2025 J(1) sale of 210,167 Non-Voting Ordinary Shares at $3.26 each. The filing clarifies the trade was executed with the issuer as part of Taboola's repurchase program and was intended to prevent the reporting persons' stake from reaching 25% or more. Post-transaction beneficial holdings are disclosed as indirect ownership totaling 31,527,277 Non-Voting Ordinary Shares and 39,525,691 Ordinary Shares. For investors this is a compliance-driven disposition rather than an open-market directional trade; Exhibit 99.1 is cited for more context.
TL;DR: The sale appears aimed at corporate control thresholds, consistent with governance and Section 16 reporting practices.
The Form 4 indicates coordination with the issuer's repurchase program and explicitly states the transactions were structured to keep combined Apollo-related ownership below 25%. The filing lists multiple Apollo-related reporting entities and references Exhibits 99.1 and 99.2 for explanatory detail and signatures. This is a material disclosure about ownership boundaries and compliance with reporting obligations, though no derivative positions or additional transfers are reported in Table II.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Non-Voting Ordinary Shares, No Par Value | 210,167 | $3.26 | $685K |
| holding | Ordinary Shares, No Par Value | -- | -- | -- |
Footnotes (1)
- The reported sales are between the Issuer and College Top Holdings, Inc., as part of the Issuer's share repurchase program and are intended to keep the Reporting Persons' ownership of Taboola's outstanding shares from reaching 25% or more. See Exhibit 99.1 for more information. See Exhibit 99.1.