Steelberg Amends Veritone Stake Filing

TL;DR

Ryan Steelberg just updated his Veritone filing (SC 13D/A).

AI Summary

Ryan Steelberg has filed an amendment (No. 8) to Schedule 13D for Veritone, Inc. on July 3, 2024. The filing pertains to the common stock of Veritone, Inc. and indicates a change in reporting status or holdings.

Why It Matters

This filing indicates a potential shift in significant ownership or control of Veritone, Inc., which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often signal changes in significant shareholder positions, which can introduce volatility.

Key Players & Entities

• Ryan Steelberg (person) — Filing person
• Veritone, Inc. (company) — Subject company
• July 3, 2024 (date) — Date of event requiring filing

FAQ

Key Financial Figures

• $0.001 — Inc. (Name of Issuer) Common stock, $0.001 par value per share (Title of Class o
• $0 — o the shares of Common Stock, par value $0.001, of Veritone, Inc., a Delaware corp
• $28.4661 — n open market transaction at a price of $28.4661 per share. The purchase price was paid
• $6.72 — ket transactions at prices ranging from $6.72 to $6.91 per share (a weighted-average
• $6.91 — actions at prices ranging from $6.72 to $6.91 per share (a weighted-average price of
• $6.82 — per share (a weighted-average price of $6.82 per share). The purchase price was paid
• $6.80 — ket transactions at prices ranging from $6.80 to $6.96 per share (a weighted-average
• $6.96 — actions at prices ranging from $6.80 to $6.96 per share (a weighted-average price of
• $6.88 — per share (a weighted-average price of $6.88 per share). The purchase price was paid
• $6.97 — ket transactions at prices ranging from $6.97 to $7.02 per share (a weighted-average
• $7.02 — actions at prices ranging from $6.97 to $7.02 per share (a weighted-average price of
• $6.98 — per share (a weighted-average price of $6.98 per share). The purchase price was paid
• $1.99 — ket transactions at prices ranging from $1.99 to $2.11 per share (a weighted-average
• $2.11 — actions at prices ranging from $1.99 to $2.11 per share (a weighted-average price of
• $2.05 — per share (a weighted-average price of $2.05 per share). The purchase price was paid

Filing Documents

• d736727dsc13da.htm (SC 13D/A) — 46KB
• 0001193125-24-175039.txt ( ) — 48KB

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 1 of the Schedule 13D is hereby amended and restated in its entirety as follows: This Statement on Schedule 13D relates to the shares of Common Stock, par value $0.001 ( Common Stock or the Shares ), of Veritone, Inc., a Delaware corporation (the Issuer ). The principal executive offices of the Issuer are located at 1615 Platte Street, 2nd Floor, Denver, CO 80202. Item2. Identity and Background

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) This Schedule 13D is filed by Ryan Steelberg (the Reporting Person ). (b) The principal business office of the Reporting Person is c/o Veritone, Inc., 1615 Platte Street, 2nd Floor, Denver, CO 80202. (c) The principal business of the Reporting Person is serving as the Chief Executive Officer and President of the Issuer. The Reporting Person is also a member of the Board of Directors (the Board ) of the Issuer. (d) During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, the Reporting Person was not a party to a civil proceeding of a judicial of administrative body of competent jurisdiction or were subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) The Reporting Person is a citizen of the United States. Item3. Source and Amount of Funds or Other Consideration

of the Schedule 13D is hereby amended to add the following information

Item 3 of the Schedule 13D is hereby amended to add the following information: On November 19, 2021, the Reporting Person, as trustee of The RSS Living Trust dated April 6, 2012 ( RSS Trust ), purchased 2,763 shares of Common Stock in an open market transaction at a price of $28.4661 per share. The purchase price was paid in cash with personal funds. No portion of the purchase price was borrowed. On September 13, 2022, the Reporting Person, as trustee of the RSS Trust, purchased an aggregate of 35,367 shares of Common Stock in open market transactions at prices ranging from $6.72 to $6.91 per share (a weighted-average price of $6.82 per share). The purchase price was paid in cash with personal funds. No portion of the purchase price was borrowed. On September 14, 2022 the Reporting Person, as trustee of the RSS Trust, purchased an aggregate of 21,288 shares of Common Stock in open market transactions at prices ranging from $6.80 to $6.96 per share (a weighted-average price of $6.88 per share). The purchase price was paid in cash with personal funds. No portion of the purchase price was borrowed. 3 On September 15, 2022 the Reporting Person, as trustee of the RSS Trust, purchased an aggregate of 15,420 shares of Common Stock in open market transactions at prices ranging from $6.97 to $7.02 per share (a weighted-average price of $6.98 per share). The purchase price was paid in cash with personal funds. No portion of the purchase price was borrowed. On November 17, 2023 the Reporting Person, as trustee of the RSS Trust, purchased an aggregate of 49,752 shares of Common Stock in open market transactions at prices ranging from $1.99 to $2.11 per share (a weighted-average price of $2.05 per share). The purchase price was paid in cash with personal funds. No portion of the purchase price was borrowed. Item4. Purpose of Transaction

of the Schedule 13D is hereby amended to add the following information

Item 4 of the Schedule 13D is hereby amended to add the following information: Awards of Restricted Stock Units On March 2, 2022, the Issuer granted to the Reporting Person an award of restricted stock units representing the right to receive upon vesting 128,910 shares of Common Stock, which award vested in full on March 2, 2023. On April 22, 2022, the Issuer granted to the Reporting Person an award of restricted stock units representing the right to receive upon vesting 3,692 shares of Common Stock, which award vested in full on April 22, 2023. On January 19, 2023, the Issuer granted to the Reporting Person an award of restricted stock units representing the right to receive upon vesting 158,025 shares of Common Stock. One-third of the RSUs vested or shall vest on each of January 1, 2024, January 1, 2025 and January 1, 2026, subject to the Reporting Persons continuous service with the issuer on each date. On April 8, 2024, the Issuer granted to the Reporting Person an award of restricted stock units representing the right to receive upon vesting 200,000 shares of Common Stock. One-third of the RSUs shall vest on each of January 1, 2025, January 1, 2026 and January 1, 2027, subject to the Reporting Persons continuous service with the issuer on each date. On April 8, 2024, the Issuer granted to the Reporting Person an award of restricted stock units representing the right to receive upon vesting 47,076 shares of Common Stock. The RSUs vest monthly over a period of one year measured from January 1, 2024, On April 8, 2024, the Issuer granted to the Reporting Person an award of restricted stock units representing the right to receive upon vesting 122,399 shares of Common Stock. The RSUs vest monthly over a period of one year measured from January 1, 2024, subject to the Reporting Persons continuous service with the issuer on each date. Such awards of restricted stock units

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a)(b). As of July 3, 2024, with respect to the Issuers Common Stock, the Reporting Person has sole voting and dispositive power over (i) 351,776 shares held directly; (ii) 2,992,668 shares issuable within 60 days of the date hereof upon the exercise of vested stock options; (iii) 28,246 shares issuable upon the settlement of restricted stock units that will vest within 60 days of the date hereof; (iv) 215,174 shares and 21,550 shares issuable within 60 days of the date hereof upon the exercise of warrants held directly by the RSS Trust; and (v) 2,003,349 shares held directly by RVH, LLC. The Reporting Person is the trustee of the RSS Trust and the sole member and manager of RVH, LLC. By virtue of the above, as of July 3, 2024, the Reporting Person may be deemed to beneficially own, in the aggregate, 5,612,763 shares of the Issuers Common Stock, representing 13.8% of the Issuers outstanding Common Stock based on 37,738,677 shares of Common Stock outstanding as of May 8, 2024, as reported in the Issuers Quarterly Report on Form 10-Q filed with the SEC on May 10, 2024 as adjusted pursuant to SEC Rule 13d-3. (c) Except as set forth herein, the Reporting Person has not effected any transactions in shares of the Issuers Common Stock since March 3, 2021, the date as of which beneficial ownership information was presented in the most recent amendment to the Schedule 13D. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the Shares beneficially owned by the Reporting Person. (e) Not applicable. Item6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

of the Schedule 13D is hereby amended to add the following information

Item 6 of the Schedule 13D is hereby amended to add the following information: The information related to equity grants set forth or incorporated in Item 4 is hereby incorporated by reference into this Item 6. 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: July 3, 2024 /s/ Ryan Steelberg Ryan Steelberg ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). 6

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View this SC 13D/A filing on SEC EDGAR