Brian Michael Regan - Mar 29, 2022 Form 4 Insider Report for Starry Group Holdings, Inc. (STRY)

Role
Executive Vice President, Strategy and Chief of Staff
Signature
/s/ William Lundregan, attorney-in-fact
Stock symbol
STRY
Transactions as of
Mar 29, 2022
Transactions value $
$0
Form type
4
Date filed
3/31/2022, 04:02 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 +55.2K 55.2K Mar 29, 2022 Direct F1, 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 STRY Stock Option (Right to Buy) Award +14.7K 14.7K Mar 29, 2022 Class A Common Stock 14.7K $0.93 Direct F1, F3
transaction STRY Stock Option (Right to Buy) Award +22.1K 22.1K Mar 29, 2022 Class A Common Stock 22.1K $0.93 Direct F1, F3
transaction STRY Stock Option (Right to Buy) Award +55.2K 55.2K Mar 29, 2022 Class A Common Stock 55.2K $1.74 Direct F1, F3
transaction STRY Stock Option (Right to Buy) Award +92K 92K Mar 29, 2022 Class A Common Stock 92K $1.74 Direct F1, F4
transaction STRY Stock Option (Right to Buy) Award +92K 92K Mar 29, 2022 Class A Common Stock 92K $3.16 Direct F1, F5
* 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"), 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 Consists of 55,223 restricted stock units (the "RSUs"), that are subject to both a time-based vesting requirement and a liquidity event vesting requirement. The liquidity event will be satisfied on the first to occur of (i) the day following the expiration of the lock-up period set forth in the Issuer's bylaws and (ii) a sale event with respect to the Issuer. The time-based vesting occurs in 16 substantially equal quarterly installments commencing on May 29, 2021, subject to the Reporting Person's continued service through the applicable vesting date. The RSUs will be settled in shares of Class A Common Stock upon vesting.
F3 This option is fully vested and exercisable.
F4 The option vested and became exercisable as to 25% of the underlying shares on December 3, 2019, and the remainder has vested and will continue to vest in 36 substantially equal monthly installments thereafter.
F5 The option vested and became exercisable as to 25% of the underlying shares on October 6, 2021, and the remainder has vested and will continue to vest in 36 substantially equal monthly installments thereafter.

Remarks:

Executive Vice President, Strategy and Chief of Staff