<SEC-DOCUMENT>0001104659-21-097651.txt : 20210729
<SEC-HEADER>0001104659-21-097651.hdr.sgml : 20210729
<ACCEPTANCE-DATETIME>20210729170313
ACCESSION NUMBER:		0001104659-21-097651
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210727
FILED AS OF DATE:		20210729
DATE AS OF CHANGE:		20210729

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Dovrat Shlomo
		CENTRAL INDEX KEY:			0001314246

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40643
		FILM NUMBER:		211128382

	MAIL ADDRESS:	
		STREET 1:		16 ABBA EBAN AVENUE
		CITY:			HERZELIYA
		STATE:			L3
		ZIP:			46725

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Outbrain Inc.
		CENTRAL INDEX KEY:			0001454938
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				205391629

	BUSINESS ADDRESS:	
		STREET 1:		111 WEST 19TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10011
		BUSINESS PHONE:		646-867-0149

	MAIL ADDRESS:	
		STREET 1:		111 WEST 19TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10011
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>tm2123665-3_4seq1.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
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    <periodOfReport>2021-07-27</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001454938</issuerCik>
        <issuerName>Outbrain Inc.</issuerName>
        <issuerTradingSymbol>OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001314246</rptOwnerCik>
            <rptOwnerName>Dovrat Shlomo</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>12 ABBA EBAN AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HERZLIYA</rptOwnerCity>
            <rptOwnerState>L3</rptOwnerState>
            <rptOwnerZipCode>4672530</rptOwnerZipCode>
            <rptOwnerStateDescription>ISRAEL</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
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            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
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                    <footnoteId id="F3"/>
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                <transactionPricePerShare>
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                    <footnoteId id="F2"/>
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        </derivativeTransaction>
        <derivativeTransaction>
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                <footnoteId id="F3"/>
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                <underlyingSecurityTitle>
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                <underlyingSecurityShares>
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                <natureOfOwnership>
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                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
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            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
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                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
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            <transactionDate>
                <value>2021-07-27</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>478964</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                <footnoteId id="F3"/>
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                <underlyingSecurityShares>
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            </postTransactionAmounts>
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                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
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                    <footnoteId id="F2"/>
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            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
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                <footnoteId id="F3"/>
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                    <value>175396</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
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                    <footnoteId id="F4"/>
                </underlyingSecurityShares>
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                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
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                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series G Preferred Stock</value>
                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2021-07-27</value>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>333304</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <footnoteId id="F3"/>
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                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
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                    <footnoteId id="F2"/>
                </natureOfOwnership>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The shares are held directly by Viola Ventures III, L.P. (&quot;Viola Ventures&quot;). Viola Ventures GP 3 Ltd. (&quot;Viola&quot;) is the general partner of Viola Ventures (together with Viola, the &quot;Viola Entities&quot;) and possesses sole voting and dispositive power over these shares.</footnote>
        <footnote id="F2">The reporting person, through his position, relationship and/or affiliation with the Viola Entities, may have shared voting and investment power with respect to the shares beneficially owned by Viola Ventures. As such, the reporting person may be deemed to have or share beneficial ownership of the shares beneficially owned by Viola Ventures. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F3">The shares of Series B, Series C, Series D, Series F and Series G Preferred Stock previously reported by the reporting person converted to Common Stock on July 27, 2021 at the ratio specified in the company's Eleventh Amended and Restated Certificate of Incorporation, which is included as Exhibit 3.3 to the company's Registration Statement on Form S-1, as amended (File No. 333-257525), in connection with the consummation of the company's initial public offering.</footnote>
        <footnote id="F4">Includes 24,604 shares issued pursuant to a preset automatic anti-dilution adjustment set forth in the terms of the Series F Preferred Stock.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Shlomo Dovrat</signatureName>
        <signatureDate>2021-07-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
