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

Role
Executive Vice President, Strategy and Chief of Staff
Signature
/s/ William Lundregan, attorney-in-fact
Issuer symbol
N/A
Transactions as of
29 Mar 2022
Net transactions value
$0
Form type
4
Filing time
31 Mar 2022, 16:02:45 UTC
Previous filing
28 Mar 2022
Next filing
06 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRY Class A Common Stock Award +55,223 55,223 29 Mar 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 +14,726 14,726 29 Mar 2022 Class A Common Stock 14,726 $0.9300 Direct F1, F3
transaction STRY Stock Option (Right to Buy) Award +22,089 22,089 29 Mar 2022 Class A Common Stock 22,089 $0.9300 Direct F1, F3
transaction STRY Stock Option (Right to Buy) Award +55,223 55,223 29 Mar 2022 Class A Common Stock 55,223 $1.74 Direct F1, F3
transaction STRY Stock Option (Right to Buy) Award +92,039 92,039 29 Mar 2022 Class A Common Stock 92,039 $1.74 Direct F1, F4
transaction STRY Stock Option (Right to Buy) Award +92,039 92,039 29 Mar 2022 Class A Common Stock 92,039 $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