Teads (NASDAQ: TEAD) CFO reports 16,608 shares withheld for taxes on equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teads Holding Co. Chief Financial Officer Jason Kiviat reported routine tax-withholding dispositions of 16,608 shares of common stock on June 5, 2026. The issuer withheld these shares at prices between $1.15 and $1.22 per share to cover tax obligations on vested restricted and performance stock units. Following the latest transaction, Kiviat directly holds 330,810 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kiviat Jason
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,571 | $1.22 | $12K |
| Tax Withholding | Common Stock | 6,731 | $1.15 | $8K |
| Tax Withholding | Common Stock | 306 | $1.15 | $351.90 |
Holdings After Transaction:
Common Stock — 330,810 shares (Direct, null)
Footnotes (1)
- Shares withheld by the Issuer to cover tax obligations arising upon vesting and settlement of restricted stock units under the Issuer's 2007 Omnibus Securities and Incentive Plan in a transaction exempt under Rule 16b-3. Shares withheld by the Issuer to cover tax obligations arising upon vesting and settlement of restricted stock units under the Issuer's 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3. Shares withheld by the Issuer to cover tax obligations arising upon vesting and settlement of performance stock units under the Issuer's 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.
Key Figures
Tax-withheld shares: 16,608 shares
Withholding price: $1.15 per share
Withholding price: $1.22 per share
+2 more
5 metrics
Tax-withheld shares
16,608 shares
Total shares withheld for taxes on June 5, 2026
Withholding price
$1.15 per share
Price for 306 and 6,731 share tax-withholding entries
Withholding price
$1.22 per share
Price for 9,571 share tax-withholding entry
Post-transaction holdings
330,810 shares
Common stock directly held after latest transaction
Number of tax-withholding entries
3 transactions
All Code F dispositions on June 5, 2026
Key Terms
restricted stock units, performance stock units, Rule 16b-3, tax obligations, +1 more
5 terms
restricted stock units financial
"arising upon vesting and settlement of restricted stock units under the Issuer's 2007 Omnibus Securities and Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"arising upon vesting and settlement of performance stock units under the Issuer's 2021 Long-Term Incentive Plan"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Rule 16b-3 regulatory
"in a transaction exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax obligations financial
"Shares withheld by the Issuer to cover tax obligations arising upon vesting and settlement"
Long-Term Incentive Plan financial
"under the Issuer's 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
What insider transaction did TEAD CFO Jason Kiviat report on this Form 4?
Jason Kiviat reported that 16,608 TEAD common shares were disposed of as tax-withholding transactions. The issuer withheld these shares to satisfy tax obligations triggered by vesting of restricted and performance stock units, rather than through open-market sales.
Were the TEAD insider transactions by Jason Kiviat open-market sales?
No. The Form 4 shows Code F tax-withholding dispositions, not open-market sales. Shares were withheld by Teads Holding Co. to cover tax liabilities arising from the vesting and settlement of equity awards under its compensation plans.
What equity plans are referenced in Jason Kiviat’s TEAD Form 4 footnotes?
The footnotes reference Teads’ 2007 Omnibus Securities and Incentive Plan and its 2021 Long-Term Incentive Plan. Shares were withheld to cover taxes upon vesting and settlement of restricted stock units and performance stock units granted under these plans.
What is the significance of Rule 16b-3 in the TEAD CFO Form 4 filing?
The footnotes state these tax-withholding dispositions are exempt under Rule 16b-3. That rule generally exempts certain issuer-approved, compensation-related transactions from short-swing profit rules, underscoring that these were administrative equity award events, not discretionary market trades.