Porat Asaf 4

What Happened

• Porat Asaf, COO of Teads Holding Co. (TEAD), was issued 73,836 shares on March 11, 2026 as the settlement of performance-based restricted stock units (PSUs). The acquisition is reported at $0 per share on the Form 4 because these shares were issued under a compensation award, not bought.
• The PSUs were originally granted June 5, 2023 under the Issuer’s 2021 Long‑Term Incentive Plan and vested based on certified performance results.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (appears timely — within the typical 2-business-day reporting window).
• Reported acquisition: 73,836 shares; reported price: $0 (award grant/settlement).
• Shares owned after transaction: Not specified in the supplied filing excerpt.
• Footnote: PSUs comprised two targets — 45,000 target units tied to Ex‑TAC Gross Profit growth (100% achieved) and 45,000 target units tied to cumulative Adjusted EBITDA/Ex‑TAC Gross Profit (64.08% achieved), producing the 73,836‑share issuance.
• No tax‑withholding details or 10b5‑1 plan noted in the provided excerpt.
• Transaction code: A = Award/Grant.

Context

• This is a compensation settlement of performance-based RSUs, not an open‑market purchase or sale; such awards reflect payout under pre-set performance goals rather than an insider buying stock as a market signal.
• PSU vesting dilutes existing shares modestly and aligns management pay with the company’s financial targets; the filing itself does not indicate intent to buy or sell shares.