William Lundregan - Mar 29, 2022 Form 4 Insider Report for Starry Group Holdings, Inc. (STRY)

Role
Executive Vice President, Chief Legal Officer and Secretary
Signature
/s/ William Lundregan
Stock symbol
STRY
Transactions as of
Mar 29, 2022
Transactions value $
$0
Form type
4
Date filed
3/31/2022, 04:01 PM
Previous filing
Mar 28, 2022
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRY Class A Common Stock Award +87.6K 87.6K Mar 29, 2022 Direct F1

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 STRY Stock Option (Right to Buy) Award +573K 573K Mar 29, 2022 Class A Common Stock 573K $0.42 Direct F1, F2
transaction STRY Stock Option (Right to Buy) Award +92K 92K Mar 29, 2022 Class A Common Stock 92K $2.88 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of October 6, 2021 (as the same has been or may be amended, modified, supplemented or waived from time to time, the "Merger Agreement") by and among FirstMark Horizon Acquisition Corp., Sirius Merger Sub, Inc., Starry, Inc. ("Starry"), and the Starry Group Holdings, Inc. (the "Issuer"), (i) all outstanding Starry capital stock held by the Reporting Person was cancelled and automatically converted into the right to receive a number of shares Class A Common Stock of the Issuer equal to the applicable exchange ratio (as described in the Merger Agreement) and (ii) each outstanding Starry equity award was converted into a corresponding equity award of the Issuer, on the same terms and conditions as were applicable to the Starry equity award, based on the applicable exchange ratio (determined in accordance with the Merger Agreement).
F2 The option is fully vested and exercisable.
F3 The option vested and became exercisable as to 25% of the underlying shares on May 10, 2020 and the remainder has vested and will continue to vest in 36 substantially equal monthly installments thereafter.

Remarks:

Executive Vice President, Chief Legal Officer and Secretary