Patrick McCusker - 04 Feb 2022 Form 4 Insider Report for Fast Radius, Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
08 Feb 2022, 20:57:32 UTC
Next SEC filing
19 Apr 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Patrick McCusker

Key filing fact

Patrick McCusker filed Form 4 for Fast Radius, Inc. on 08 Feb 2022.

Key facts

  • This page summarizes Patrick McCusker's Form 4 filing for Fast Radius, Inc..
  • 6 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 08 Feb 2022, 20:57.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FSRD transaction

Common Stock

Award

Transaction value
Shares
+1,538,223
Change %
Price
Shares after
1,538,223
Date
04 Feb 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FSRD transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares
+33,704
Change %
Price
Shares after
33,704
Date
04 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
33,704
Exercise price
$0.000000
Footnotes
F2, F3
FSRD transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares
+392,597
Change %
Price
Shares after
392,597
Date
04 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
392,597
Exercise price
$0.000000
Footnotes
F3, F4
FSRD transaction Derivative

Options to Purchase Common Stock

Award

Transaction value
Shares
+467,788
Change %
Price
Shares after
467,788
Date
04 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
467,788
Exercise price
$0.7000
Footnotes
F5, F6
FSRD transaction Derivative

Options to Purchase Common Stock

Award

Transaction value
Shares
+81,186
Change %
Price
Shares after
81,186
Date
04 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
81,186
Exercise price
$0.7000
Footnotes
F6, F7
FSRD transaction Derivative

Earnout Shares

Award

Transaction value
Shares
+292,004
Change %
Price
Shares after
292,004
Date
04 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
292,004
Exercise price
$0.000000
Footnotes
F6, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F6

Represents Options issued by Legacy Fast Radius and assumed by the Issuer on February 4, 2022 as merger consideration under the Merger Agreement.

Footnote 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.

Footnote 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.

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