Steven Amaya - Jun 11, 2021 Form 3 Insider Report for TaskUs, Inc. (TASK)

Role
VP, Principal Accounting Officer Exhibit 24 - Power of Attorney
Signature
/s/ Jeffrey Chugg, as Attorney-in-Fact
Stock symbol
TASK
Transactions as of
Jun 11, 2021
Transactions value $
$0
Form type
3
Date filed
6/11/2021, 08:53 PM
Next filing
Jul 13, 2021

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
holding TASK Stock Options Jun 11, 2021 Class A Common Stock 14.4K $2.33 Direct F1
holding TASK Stock Options Jun 11, 2021 Class A Common Stock 278K $11.96 Direct F1
holding TASK Phantom Shares Jun 11, 2021 Class A Common Stock 19.5K Direct F2
holding TASK Restricted Stock Units Jun 11, 2021 Class A Common Stock 17.4K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These stock options vest upon the achievement of certain performance events determined as of each of June 10, 2022, June 10, 2023 and June 10, 2024, as more fully described in the Issuer's Registration Statement on Form S-1 (File No. 333-255190). If such performance events are determined to have been met as of such dates, the options shall vest as follows: (a) up to 25% shall vest on June 10, 2022, (b) up to 50% of the then-remaining unvested options shall vest on June 10, 2023, and (c) up to 100% of the then-remaining unvested options shall vest on June 10, 2024.
F2 Each share of phantom stock is the economic equivalent of one shares of Issuer Class A common stock. Of the phantom shares reported herein, 12,980 are vested and the remaining will be canceled upon the closing of the Issuer's initial public offering. Vested phantom shares will be paid out in cash at the initial public offering price, plus certain dividends, within 30 days following the closing of the initial public offering.
F3 Represents restricted stock units that vest in four equal annual installments beginning on June 15, 2022. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock. The restricted stock units will be settled in either Class A common stock or cash (or a combination thereof).

Remarks:

VP, Principal Accounting Officer Exhibit 24 - Power of Attorney