Leonard Fluxman - Feb 22, 2022 Form 4 Insider Report for ONESPAWORLD HOLDINGS Ltd (OSW)

Role
CEO, President, Executive Chairman & Director, Director
Signature
/s/ Inga Fyodorova, as attorney-in-fact for Leonard Fluxman
Stock symbol
OSW
Transactions as of
Feb 22, 2022
Transactions value $
-$258,304
Form type
4
Date filed
2/24/2022, 08:55 PM
Previous filing
Jan 25, 2022
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSW Common Shares Award $0 +215K +14.03% $0.00 1.75M Feb 22, 2022 Direct F1, F2
transaction OSW Common Shares Award $0 +110K +6.27% $0.00 1.86M Feb 22, 2022 Direct F3
transaction OSW Common Shares Other -$258K -27K -1.45% $9.57 1.83M Feb 23, 2022 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities are Performance Stock Units ("PSUs") that were granted to the Reporting Person by OneSpaWorld Holdings Ltd. ("OSW", the "Issuer") on December 21, 2020. One-third of the reported PSUs vested upon achieving the performance vesting conditions. The remaining unvested PSUs vest in one-third installments on each of December 21, 2022 and December 21, 2023.
F2 Each PSU represents a contingent right to receive, at full vesting, one common share, par value $0.0001 per share, of the Issuer, with a portion of such shares mandatorily sold, pursuant to the terms of the grant, in a broker assisted cashless exercise program arranged by the Issuer.
F3 The reported transaction reflects a grant of the Issuer's restricted stock units ("RSUs"), which settle one-for-one in common shares upon vesting, which vesting will occur one-third on March 7, 2022 and two-thirds on December 5, 2022, subject to the Reporting Person's continued service through such date.
F4 Represents shares sold to satisfy tax withholding obligations upon the vesting and settlement of the PSUs.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.35 to $9.71, inclusive. The reporting person undertakes to provide to OSW, any security holder of OSW, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

CEO, President, Executive Chairman & Director