Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BRDS | Class A Common Stock | Award | $0 | +1.1M | $0.00 | 1.1M | Nov 9, 2021 | Direct | F1 |
Id | Content |
---|---|
F1 | Includes (a) 102,346 earn-out shares that will vest in three substantially equal installments if the Issuer's Class A Common Stock achieves a price per share for any ten trading days within any 20 consecutive trading period prior to November 4, 2026 that equals or exceeds the following thresholds: $12.50, $20.00 and $30.00; (b) 750,000 earn-out shares that will vest in three substantially equal installments based on the foregoing stock price vesting conditions and subject to an additional time-based vesting requirement whereby such shares will vest in 16 substantially equal quarterly installments beginning on November 4, 2021; and (c) 250,000 restricted stock units, 25% of which will vest on November 8, 2022, with the remaining 75% vesting in 12 equal quarterly installments thereafter; each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
Chief Corporate Responsibility Officer