Hayashi Michael T. - 27 May 2021 Form 4 Insider Report for Casa Systems Inc

Role: Director
Signature: /s/ Timothy C. Rodenberger, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 27 May 2021
Net transactions value: $0
Form type: 4
Filing time: 28 May 2021, 19:00:09 UTC
Previous filing: 24 May 2021
Next filing: 16 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CASA	Common Stock	Options Exercise		+1,687	+2.1%		80,415	27 May 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CASA	Restricted Stock Units	Options Exercise	$0	-1,687	-33%	$0.000000	3,386	27 May 2021	Common Stock	1,687		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents the right to receive one share of common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU Agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.
F2	These RSUs are scheduled to vest as to 8.3333% of the original number of shares at the end of each three-month period following November 27, 2018. The RSUs have no expiration date.

Content

Each restricted stock unit ("RSU") represents the right to receive one share of common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU Agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.

These RSUs are scheduled to vest as to 8.3333% of the original number of shares at the end of each three-month period following November 27, 2018. The RSUs have no expiration date.