Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BARK | Common Stock | Award | +11.4M | 11.4M | Jun 1, 2021 | Direct | F1 | |||
transaction | BARK | Common Stock | Award | +656K | 656K | Jun 1, 2021 | By trust | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BARK | Stock Option (right to buy) | Award | $0 | +874K | $0.00 | 874K | Jun 1, 2021 | Common Stock | 874K | $1.37 | Direct | F3 |
Id | Content |
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F1 | The shares of Common Stock were received in exchange for shares of common stock of Barkbox, Inc. ("BARK") in connection with the merger of BARK with and into a wholly owned subsidiary of the Issuer (the "Merger") as follows: (i) 1,300,611 shares of common stock of BARK in connection with the Merger and (ii) 18,674 shares of common stock of BARK issued in connection with the conversion of BARK's convertible promissory notes held by the Reporting Person. On the closing date of the Merger, the closing price of the Company's Common Stock was $11.24 per share. |
F2 | The shares of Common Stock were received in exchange for 75,000 shares of common stock of BARK in connection with the Merger. The shares are held by the Carly J. Strife Family Trust of which the Reporting Person is a beneficiary. |
F3 | The Stock Option was received in exchange for an option to purchase 100,000 shares of common stock of BARK in connection with the Merger. The Stock Option shall vest over a four-year period in 48 equal monthly installments after July 1, 2019, provided, that the Reporting Person remains in continuous service on each such vesting date. The Stock Option is also subject to acceleration in the event the Reporting Person is subject to a qualifying involuntary termination of employment in connection with the sale of the Issuer. |