Teads Holding Co. — Director's Dealing 2025

Mar 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Outbrain Inc. (OB)
CIK: 0001454938
Period of Report: 2025-03-07

Reporting Person: Kostman David (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-07	Common Stock	M	200000	—	Acquired	854474	Direct
2025-03-07	Common Stock	F	34411	$4.23	Disposed	820063	Direct
2025-03-07	Common Stock	F	11123	$4.23	Disposed	808940	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-07	Performance Stock Units	$	M	200000	Disposed	2034-06-04	Common Stock (200000)	Direct

Footnotes

F1: Represents the achievement of one of the market based performance metrics of the Performance Stock Units (PSUs), which were previously reported in Table II at the time of grant. Upon
achievement, 48,926 shares of common stock were delivered to the reporting person net of withholding (see footnote below). The remaining 116,663 units are subject to service based vesting requirements.

F2: Shares withheld by the Issuer to cover tax obligations arising upon vesting and settlement of Performance Stock Units (PSUs) under the Issuer's 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.

F3: 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.

F4: Represents Performance Stock Units (PSUs) that have not achieved the market based performance metric as of this date. Subject to achievement of above-target stock price goals, the reporting person is eligible to earn up to 300% of the target amount of PSUs reported here.