Teads Holding Co.
For the period ended Mar 31, 2025. Filed May 12, 2025.
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Mar 31, 2025 · Filed May 12, 2025
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Item 5. Other Information
On March 19, 2025, Asaf Porat, the Company’s Chief Operating Officer, entered into a 10b5-1 plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act and is scheduled to expire on September 30, 2026, subject to earlier termination in accordance with its terms. Mr. Porat’s 10b5-1 plan provides for potential sales from time to time of a portion of his shares of the Common Stock, including shares that he could receive upon the future vesting of certain outstanding equity awards, net of any shares surrendered to the Company or sold by Mr. Porat to satisfy withholding taxes, if applicable. If applicable, the number of shares to be surrendered to the Company or sold by Mr. Porat to satisfy withholding taxes, and the resulting number of shares available to be sold pursuant to Mr. Porat’s 10b5-1 Plan, can only be determined upon the occurrence of future vesting events, and any elections or rates regarding such withholding taxes, if applicable, may not be modified by Mr. Porat (other than pursuant to an amendment adopted in accordance with Rule 10b5-1). For purposes of this disclosure, the maximum aggregate number of shares to be sold pursuant to Mr. Porat’s 10b5-1 Plan is 311,036, which does not take into account the number of shares to be withheld upon future vesting events.
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