Apollo Management Group Sells $52.8M of Taboola Shares
TBLA sits 75% above its 52-week low of $2.835.
Summary
Apollo Management GP, a 10% owner of Taboola.com, reported the sale of 12 million shares for $52.8 million, executing a previously indicated intent to sell.
Key Events · Ownership and Investor Activity · TBLA
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Significant Share Sale by 10% Owner
Apollo Management GP, LLC, a 10% owner, sold 12,000,000 non-voting ordinary shares of Taboola.com Ltd. for a total of $52,800,000 at a price of $4.40 per share on May 28, 2026.
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Execution of Prior Intent
This transaction executes a previously indicated intent to sell a large block of shares, as a related entity, College Top Holdings, Inc., filed a Form 144 on May 29, 2026, for 12,000,000 shares.
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Reduced Stake
Following this transaction, the reporting owners' indirect holdings in Taboola.com Ltd. are reduced to 18,039,644 shares.
Analysis · TBLA · Technology
This Form 4 reports a substantial open market sale of Taboola.com shares by Apollo Management GP, LLC, a significant institutional investor and 10% owner. The sale of $52.8 million worth of shares represents a material reduction in their stake and follows a recent Form 144 filing by a related entity, College Top Holdings, Inc., indicating a planned disposition of a similar number of shares. While the sale is by a financial investor rather than an operational executive, its considerable size suggests a strategic reduction in exposure to Taboola.com.
At the time of this filing, TBLA was trading at $4.95 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $2.84 to $5.26. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.