Tjon Sien Fat Karin - Joyce - Jan 1, 2023 Form 4 Insider Report for Kaleyra, Inc. (KLR)

Role
Director
Signature
/s/ Karin-Joyce Tjon Sien Fat
Stock symbol
KLR
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2023, 03:30 PM
Previous filing
Dec 30, 2022
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLR Common Stock Award $0 +110K $0.00 110K Jan 1, 2023 Direct F1, F2
transaction KLR Common Stock Award $0 +71.4K +64.95% $0.00 181K Jan 1, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to the Reporting Person's continued service to the Issuer, 25% of the Restricted Stock Units ("RSUs") vest on February 20, 2024, and the remaining RSUs vest in twelve quarterly installments, beginning on May 20, 2024 and ending on February 20, 2027.
F2 All RSUs shall immediately vest (i) in the event of a Change of Control (as defined in the Issuer's 2019 Equity Incentive Plan) of the Issuer, (ii) the Reporting Person is not re-nominated to serve on the Issuer's Board of Directors (except in connection with the Reporting Person choosing not to stand for reelection as a member of the Board or resigning from the Board) and as a result separates from service with the Issuer, (iii) to the extent the Reporting Person has served as a director of the Issuer for at least three years, and such Reporting Person chooses not to stand for reelection as a member of the Board or resigns from the Board and as a result separates from service with the Issuer, and (iv) in the event of the death or Disability (as defined in the Issuer's 2019 Equity Incentive Plan) of the Reporting Person.
F3 Subject to the Reporting Person's continued service to the Issuer, the RSUs shall vest quarterly on each of February 20, May 20, August 20 and November 20, 2023.