Patrick McCusker - Feb 4, 2022 Form 4 Insider Report for Fast Radius, Inc. (FSRD)

Role
Chief Operating Officer
Signature
/s/ Patrick McCusker
Stock symbol
FSRD
Transactions as of
Feb 4, 2022
Transactions value $
$0
Form type
4
Date filed
2/8/2022, 08:57 PM
Next filing
Apr 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSRD Common Stock Award +1.54M 1.54M Feb 4, 2022 Direct F1

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
transaction FSRD Restricted Stock Units Award +33.7K 33.7K Feb 4, 2022 Common Stock 33.7K $0.00 Direct F2, F3
transaction FSRD Restricted Stock Units Award +393K 393K Feb 4, 2022 Common Stock 393K $0.00 Direct F3, F4
transaction FSRD Options to Purchase Common Stock Award +468K 468K Feb 4, 2022 Common Stock 468K $0.70 Direct F5, F6
transaction FSRD Options to Purchase Common Stock Award +81.2K 81.2K Feb 4, 2022 Common Stock 81.2K $0.70 Direct F6, F7
transaction FSRD Earnout Shares Award +292K 292K Feb 4, 2022 Common Stock 292K $0.00 Direct F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received pursuant to that certain Agreement and Plan of Merger ("Merger Agreement"), dated as of July 18, 2021, as amended, by and among Issuer, formerly known as ECP Environmental Growth Opportunities Corp., a Delaware corporation ("ENNV"), ENNV Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of ENNV, and Fast Radius, Inc., a Delaware corporation ("Legacy Fast Radius"), in exchange for equity interests of Legacy Fast Radius.
F2 Includes 13,684 Restricted Stock Units that are vested and subject to future settlement and 20,020 Restricted Stock Units which vest monthly through May of 2025, subject to the Reporting Person's continuous service.
F3 Represents Restricted Stock Units issued by Legacy Fast Radius and assumed by the Issuer on February 4, 2022 as merger consideration under the Merger Agreement.
F4 Includes 225,691 Restricted Stock Units that are vested and subject to future settlement and 166,906 Restricted Stock Units which vest upon the achievement of certain performance metrics related to the valuation of the Issuer.
F5 Includes 257,283 vested Options and 210,505 Options which vest monthly through March of 2023. The Options expire on May 20, 2029, subject to the Reporting Person's continuous service.
F6 Represents Options issued by Legacy Fast Radius and assumed by the Issuer on February 4, 2022 as merger consideration under the Merger Agreement.
F7 Includes 24,354 vested Options and 56,832 Options which vest monthly through April of 2023. The Options expire on May 20, 2029, subject to the Reporting Person's continuous service.
F8 Represents the right to receive shares of the Issuer's Common Stock in two equal tranches, at the time that the Issuer's Common Stock reaches a value of $15.00 and $20.00, respectively, no later than February 4, 2027, based upon the (i) daily volume-weighted average sale price of shares of the Issuer's Common Stock for any 20 trading days within any 30 consecutive trading day period or (ii) the per share consideration received in connection with a change in control.