Lucy Xie - Feb 25, 2022 Form 4 Insider Report for Casa Systems Inc (CASA)

Role
SVP of Operations, Director
Signature
/s/ Timothy C. Rodenberger, as Attorney-in-Fact
Stock symbol
CASA
Transactions as of
Feb 25, 2022
Transactions value $
-$64,140
Form type
4
Date filed
3/3/2022, 05:01 PM
Previous filing
Jan 4, 2022
Next filing
May 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CASA Common Stock Options Exercise +53.3K +2.5% 2.19M Feb 25, 2022 Direct F1
transaction CASA Common Stock Tax liability -$64.1K -15.6K -0.72% $4.10 2.17M Feb 25, 2022 Direct F2

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 CASA Restricted Stock Units Options Exercise $0 -53.3K -33.33% $0.00 107K Feb 25, 2022 Common Stock 53.3K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") converted into common stock, $0.001 par value per share ("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 shares underlying the award vesting on February 25, 2021, 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.