Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BARK | Common Stock | Award | +315K | 315K | Jun 1, 2021 | Direct | F1 |
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 | +2.19M | $0.00 | 2.19M | Jun 1, 2021 | Common Stock | 2.19M | $0.60 | Direct | F2 |
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) 35,000 shares of common stock of BARK in connection with the Merger and (ii) 9,337 shares of common stock of BARK issued in connection with the conversion of BARK's convertible promissory notes held by the Reporting Person. 87,425 of the shares are subject to vesting in 12 equal monthly installments based on the Reporting Person's continuous service to the Issuer commencing February 23, 2021. On the closing date of the Merger, the price of the Company's Common Stock was $11.24 per share. |
F2 | The Stock Option was received in exchange for an option to purchase 250,000 shares of common stock of BARK in connection with the Merger and is fully vested. |