| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CASA | Common Stock | Options Exercise | +11.8K | +0.11% | 10.6M | Jan 1, 2022 | Direct | F1 | ||
| transaction | CASA | Common Stock | Options Exercise | +90.5K | +0.85% | 10.7M | Jan 1, 2022 | Direct | F1 | ||
| transaction | CASA | Common Stock | Options Exercise | +40.1K | +0.37% | 10.8M | Jan 1, 2022 | Direct | F1 | ||
| transaction | CASA | Common Stock | Tax liability | -$244K | -43.1K | -0.4% | $5.67 | 10.7M | Jan 1, 2022 | Direct | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CASA | Restricted Stock Units | Options Exercise | $0 | -11.8K | -100% | $0.00* | 0 | Jan 1, 2022 | Common Stock | 11.8K | Direct | F3, F4 | |
| transaction | CASA | Restricted Stock Units | Options Exercise | $0 | -90.5K | -50% | $0.00 | 90.5K | Jan 1, 2022 | Common Stock | 90.5K | Direct | F3, F5 | |
| transaction | CASA | Restricted Stock Units | Options Exercise | $0 | -40.1K | -8.33% | $0.00 | 441K | Jan 1, 2022 | Common Stock | 40.1K | Direct | F3, F6, F7 |
| Id | Content |
|---|---|
| F1 | Restricted stock units ("RSUs") converted into common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") on a one-for-one basis upon vesting of the units. |
| F2 | Shares withheld by the Company to satisfy tax withholding requirements on vesting of RSUs. No shares were sold. |
| F3 | Each RSU represents the right to receive one share of Common Stock upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes. |
| F4 | These RSUs are scheduled to vest over four years, with 25% of the 47,218 shares underlying the award having vested on January 1, 2019, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter. The RSUs have no expiration date. |
| F5 | These RSUs are Scheduled to vest over four years, with 25% of the 362,187 shares underlying the award having vested on January 1, 2020, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter. The RSUs have no expiration date. |
| F6 | These RSUs are subject to both time and performance-based vesting: (i) 160,404 of the RSUs are subject to time-based vesting and are scheduled to vest over four years, with 25% of the shares underlying the award vesting on January 1, 2022, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter and (ii) 320,809 of the RSUs are subject to performance-based vesting, the conditions for which are met upon the Company's level of achievement of pre-established performance parameters, |
| F7 | (Continued from Footnote 6) as approved by the Company's Board of Directors, related to either or both of (a) the Company's relative Total Shareholder Return ("TSR") performance against the TSR of the companies listed in the Russell 2000 Index, and (b) the absolute stock price performance of the Company's common stock, in each case, measured over the three-year period beginning on January 1, 2021 and ending on January 1, 2024, and subject to the other terms and conditions set forth in the applicable RSU agreement. The RSUs have no expiration date. |