Matthew Slepian - May 9, 2022 Form 4 Insider Report for Casa Systems Inc (CASA)

Role
Corporate Controller
Signature
/s/ Timothy C. Rodenberger, as Attorney-in-Fact
Stock symbol
CASA
Transactions as of
May 9, 2022
Transactions value $
$0
Form type
4
Date filed
5/11/2022, 06:00 PM
Previous filing
Mar 3, 2022
Next filing
Sep 13, 2022

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 CASA Restricted Stock Units Award $0 +55.6K $0.00 55.6K May 9, 2022 Common Stock 55.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the right to receive one share of common stock, $0.001 par value per share (the "Common Stock") of Casa Systems, Inc. (the "Company") upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.
F2 These RSUs are scheduled to vest over four years, with 25% of the shares underlying the award vesting on January 1, 2023, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter. The RSUs have no expiration date.

Remarks:

Exhibit 24 - Power of Attorney