secwatch.observer — SEC 8-K summary
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Issuer:     Innovid Corp. (—)
CIK:        0001835378
Form:       8-K/A
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001835378-24-000106
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovid CCO David Helmreich departs by mutual consent; gets $450K cash, equity acceleration
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- Former CCO David Helmreich left Innovid by mutual consent effective August 30, 2024.
- Cash severance: $200,000 (6 months base salary at $400K/yr) plus $250,000 additional lump sum.
- Accelerated vesting of 104,028 stock options and 125,395 restricted stock units.
- Option exercise period extended to 12 months from Separation Date (through ~Aug 2025).
- COBRA health insurance premiums paid for 6 months (Sep 2024 – Feb 2025).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835378/000183537824000106/0001835378-24-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835378/000183537824000106/ctv-20240830.htm
  HTML page:      https://secwatch.observer/filing/0001835378-24-000106

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