| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CASA | Common Stock | Options Exercise | +127,265 | +1.2% | 10,912,488 | 01 Jan 2023 | Direct | F1 | ||
| transaction | CASA | Common Stock | Options Exercise | +90,549 | +0.83% | 11,003,037 | 01 Jan 2023 | Direct | F1 | ||
| transaction | CASA | Common Stock | Options Exercise | +40,101 | +0.36% | 11,043,138 | 01 Jan 2023 | Direct | F1 | ||
| transaction | CASA | Common Stock | Award | +154,870 | +1.4% | 11,198,008 | 01 Jan 2023 | Direct | F2 | ||
| transaction | CASA | Common Stock | Tax liability | $277,223 | -101,547 | -0.91% | $2.73 | 11,096,461 | 01 Jan 2023 | Direct | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CASA | Restricted Stock Units | Options Exercise | $0 | -127,265 | -25% | $0.000000 | 381,796 | 01 Jan 2023 | Common Stock | 127,265 | Direct | F4, F5 | |
| transaction | CASA | Restricted Stock Units | Options Exercise | $0 | -90,549 | -100% | $0.000000* | 0 | 01 Jan 2023 | Common Stock | 90,549 | Direct | F4, F6 | |
| transaction | CASA | Restricted Stock Units | Options Exercise | $0 | -40,101 | -9.1% | $0.000000 | 401,011 | 01 Jan 2023 | Common Stock | 40,101 | Direct | F4, F7, F8 |
| Id | Content |
|---|---|
| F1 | Restricted stock units ("RSUs") converted into common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") on a one-for-one basis upon vesting of the units. |
| F2 | These shares were acquired pursuant to the vesting of performance-based restricted stock units ("PSUs") awarded under the Company's 2017 Stock Incentive Plan. Each PSU represents a contingent right to receive one share of Common Stock upon vesting, subject to the other terms and conditions set forth in the applicable PSU agreement. PSUs converted into Common Stock of the Company on a one-for-one basis upon vesting of the units. |
| F3 | Shares withheld by the Company to satisfy tax withholding requirements on vesting of RSUs. No shares were sold. |
| F4 | Each RSU represents the right to receive one share of Common Stock 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. |
| F5 | These RSUs are scheduled to vest over four years, with 25% of the 509,061 shares underlying the award having vested 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. |
| F6 | These RSUs are Scheduled to vest over four years, with 25% of the 362,187 shares underlying the award having vested on January 1, 2020, 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. |
| F7 | These RSUs are subject to both time and performance-based vesting: (i) 160,404 of the RSUs are subject to time-based vesting and are scheduled to vest over four years, with 25% of the shares underlying the award vesting on January 1, 2022, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter and (ii) 320,809 of the RSUs are subject to performance-based vesting, the conditions for which are met upon the Company's level of achievement of pre-established performance parameters, as approved by the Company's Board of Directors, related to either or both of (a) the Company's relative Total Shareholder Return ("TSR") performance against the TSR of the companies listed in the Russell 2000 Index, |
| F8 | (Continued from Footnote 7) and (b) the absolute stock price performance of the Company's common stock, in each case, measured over the three-year period beginning on January 1, 2021 and ending on January 1, 2024, and subject to the other terms and conditions set forth in the applicable RSU agreement. The RSUs have no expiration date. |