Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MQ | Stock Option (Right to Buy) | Other | $0 | -600K | -100% | $0.00* | 0 | Jun 11, 2021 | Common Stock | 600K | $2.25 | Direct | F1, F2 |
transaction | MQ | Stock Option (Right to Buy) | Other | $0 | +600K | $0.00 | 600K | Jun 11, 2021 | Class B Common Stock | 600K | $2.25 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | Immediately prior to the closing of the Issuer's initial public offering and following the conversion of each series of the Issuer's Preferred Stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7 and Rule 16b-3. |
F2 | The stock option vests in four annual installments after May 14, 2020, subject to the Reporting Person's continued service to the Issuer as of each vesting date. The stock option is early exercisable by the Reporting Person. |
F3 | Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and upon the occurrence of other events set forth in the Issuer's Certificate of Incorporation. |