Zvika Netter Receives Stock Award at Innovid Corp (CTV) — SEC Form 4, Dec 02, 2021

SEC Form 4 · No Market Transaction
Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner
Zvika Netter
CEO
TXN 2021-11-30 · FILED 2021-12-02
Equity Position 3.39M sh -1,954,788 → 3,391,387
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership

Innovid Corp

CTV CIK 0001835378
All Innovid Corp insider activity
Filing Date
2021-12-02
Report Date
2021-11-30
Accession No.
0001628280-21-024471
Accepted At
2021-12-03 01:12 UTC
Reporting Owner
Name Relationship
Zvika Netter CIK 0001896248
Director CEO
Zvika Netter at Innovid Corp Full insider history
Bought (12 mo) —
Sold (12 mo) —
More from this insider at Innovid Corp
2025-02-14 - — View
2024-05-22 Buy +$41,490 View
2024-04-17 Award — View
2024-02-29 Buy +$45,970 View
2023-11-13 Buy +$64,385 View
All filings by this insider at Innovid Corp
Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Common StockF1 2021-11-30 A - Award/Grant 2,413,993 A — 2,413,993 Direct
Common StockF1 2021-11-30 A - Award/Grant 977,394 A — 977,394 Indirect
Common StockF1 2021-11-30 A - Award/Grant 977,394 A — 977,394 Indirect
Common StockF1 2021-11-30 A - Award/Grant 977,394 A — 977,394 Indirect
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Stock OptionsF1F3F2 $2.81 2021-11-30 A - Award/Grant 314,254 A 2031-04-29 314,254 Common Stock Direct
Stock OptionsF1F3F2 $0.61 2021-11-30 A - Award/Grant 1,334,644 A 2030-11-15 1,334,644 Common Stock Direct
Footnotes (3)
F1
On November 30, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of June 24, 2021, by and among ION Acuqisition Corp 2 Ltd. ("ION"), Inspire Merger Sub 1, Inc.. ("Merger Sub"), Inspire Merger Sub 2, LLC ("Merger Sub 2") and Innovid, Inc. ("Innovid"), (i) Merger Sub merged with and into Innovid (the "First Merger"), with Innovid surviving as a wholly owned subsidiary of ION (the "Surviving Corporation"), and (ii) immediately following the First Merger and as part of the same overall transaction as the First Merger, the Surviving Corporation merged with and into Merger Sub 2 (the "Second Merger"), with Merger Sub 2 being the surviving entity in the Second Merger and continuing as a wholly-owned subsidiary of ION. Upon the effective time of the First Merger (the "Effective Time"), each issued and outstanding share of common stock of Innovid was automatically cancelled and converted into approximately 1.337 (the "Exchange Ratio") shares of common stock of ION. Show more
F2
25% of the shares subject to the option vested or will vest 12 months after the grant date, and l/12th of the shares subject to the options vested or will vest quarterly thereafter, subject to continued service through each vesting date. Upon a termination by Innovid without cause or by the named executive for good reason, 50% of all unvested option shall vest. In the event such qualifying termination occurs within 12 months following a qualifying corporate transaction, all unvested shares subject to the option will accelerate and vest. Show more
F3
At the Effective Time, each outstanding option to purchase shares of Innovid common stock (each, an "Innovid Option") was automatically cancelled and converted into an option to purchase a number of shares of common stock of ION equal to (i) the number of shares of Innovid common stock subject to the applicable Innovid Option multiplied by (ii) the Exchange Ratio, rounded down to the nearest whole share. Show more

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