Luke Armstrong - Mar 16, 2022 Form 4 Insider Report for F45 Training Holdings Inc. (FXLV)

Role: Chief Revenue Officer
Signature: /s/ Patrick Grosso, attorney-in-fact
Stock symbol: FXLV
Transactions as of: Mar 16, 2022
Transactions value $: -$1,335,000
Form type: 4
Date filed: 3/18/2022, 07:17 PM
Previous filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FXLV	Common Stock, par value $0.00005 per share	Award	$0	+156K	+26.59%	$0.00	741K	Mar 16, 2022	Direct	F1, F2
transaction	FXLV	Common Stock, par value $0.00005 per share	Sale	-$1.34M	-100K	-13.5%	$13.35^*	641K	Mar 17, 2022	Direct	F3

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	FXLV	Stock Option (Right to Buy)	Award	$0	+156K		$0.00	156K	Mar 16, 2022	Common Stock	156K	$12.85	Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units of which (i) 51,880 will vest on March 16, 2023, (ii) 51,881 will vest on March 16, 2024, and (iii) 51,881 will vest on March 16, 2025, and all of which will settle in shares of the Issuer's common stock on such dates.
F2	Granted as compensation for services.
F3	This transaction was executed in multiple trades at prices ranging from $13.29 to $13.50. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares of common stock and prices at which the trades were effected.
F4	Represents the right to purchase a total of 155,642 shares of the Issuer's common stock, and of which (i) 51,880 will vest on March 16, 2023, (ii) 51,881 will vest on March 16, 2024, and (iii) 51,881 will vest on March 16, 2025.