0001593968-20-001815.txt : 20200831
0001593968-20-001815.hdr.sgml : 20200831
20200831183148
ACCESSION NUMBER: 0001593968-20-001815
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200827
FILED AS OF DATE: 20200831
DATE AS OF CHANGE: 20200831
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Steelberg Ryan
CENTRAL INDEX KEY: 0001705446
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38093
FILM NUMBER: 201152880
MAIL ADDRESS:
STREET 1: 3366 VIA LIDO
CITY: NEWPORT BEACH
STATE: CA
ZIP: 92663
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Veritone, Inc.
CENTRAL INDEX KEY: 0001615165
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
IRS NUMBER: 471161641
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 575 ANTON BOULEVARD
CITY: COSTA MESA
STATE: CA
ZIP: 92626
BUSINESS PHONE: 888-507-1737
MAIL ADDRESS:
STREET 1: 575 ANTON BOULEVARD
CITY: COSTA MESA
STATE: CA
ZIP: 92626
4
1
primary_01.xml
PRIMARY DOCUMENT
X0306
4
2020-08-27
0001615165
Veritone, Inc.
VERI
0001705446
Steelberg Ryan
C/O VERITONE, INC.
575 ANTON BOULEVARD
COSTA MESA
CA
92626
true
true
true
false
President
Common Stock
132097
I
Held by Living Trust
Common Stock
215921
I
Held by Steel Veritone Fund I, LLC
Common Stock
212633
D
Common Stock
2003349
I
Held by RVH, LLC
Stock Option (right to buy)
21.25
2020-08-27
4
D
false
1357425
D
2028-05-06
Common Stock
1357425
0
D
Stock Option (right to buy)
11.97
2020-08-27
4
A
false
1357425
A
2028-05-06
Common Stock
1357425
1357425
D
Shares are held by reporting person as trustee of a living trust.
Shares are held by Steel Veritone Fund I, LLC ("SVF"). The grantor trust of reporting person owns 50% of the membership interests in SVF and, as such, reporting person may be deemed a beneficial owner of such shares. Reporting person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Shares are held by RVH, LLC, a limited liability company. Reporting person is the sole manager and member of RVH, LLC.
The exercise price of the performance-based stock option granted to reporting person on May 6, 2018 has been reduced from $21.25 to $11.97 per share pursuant to an amendment approved by the issuer's Board of Directors on August 27, 2020 (which amendment was approved by the issuer's stockholders on July 24, 2020). Such amendment is deemed a cancellation of an existing option and grant of a new option, as reflected in this Form 4.
Stock option was to become exercisable in three equal tranches based on the achievement of stock price goals for the issuer's common stock. See explanation regarding the deemed cancellation of this option in footnote (4), and see footnote (6) for the vesting conditions applicable to the new performance-based stock option.
Stock option will become exercisable in three equal tranches based on the achievement of stock price goals for the common stock of the issuer of $17.50 per share, $22.50 per share and $27.50 per share, respectively, subject to the continuous service of reporting person with the issuer.
/s/Jeffrey B. Coyne, as attorney-in-fact for reporting person
2020-08-31