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

Role: Executive Vice President and Chief Financial Officer
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, 04:11 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		+368K			368K	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		+368K			368K	Mar 29, 2022	Class A Common Stock	368K	$7.99	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"), 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 368,157 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 requirement was satisfied with respect to 25% of the RSUs on March 29, 2022, with the remaining 75% vesting in 12 substantially equal quarterly installments thereafter, 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	The option vested and became exercisable as to 25% of the underlying shares on March 29, 2022, with the remaining 75% vesting in 36 substantially equal monthly installments thereafter.

Remarks:

Executive Vice President and Chief Financial Officer