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

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.