Ben A. Lee - Feb 10, 2023 Form 4 Insider Report for Movella Holdings Inc. (MVLA)

Role
President and Chief Executive Officer, Director
Signature
By: /s/ Dennis Calderon, Attorney-in-fact for Ben A. Lee
Stock symbol
MVLA
Transactions as of
Feb 10, 2023
Transactions value $
$0
Form type
4
Date filed
2/13/2023, 04:48 PM
Next filing
May 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVLA Common Stock Award +1.01M 1.01M Feb 10, 2023 Direct F1

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 MVLA Stock Option Award +353K 353K Feb 10, 2023 Common Stock 353K $0.76 Direct F1, F2
transaction MVLA Stock Option Award +5.86K 5.86K Feb 10, 2023 Common Stock 5.86K $0.62 Direct F1, F3
transaction MVLA Stock Option Award +590K 590K Feb 10, 2023 Common Stock 590K $1.91 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects securities acquired pursuant to the terms of the Business Combination Agreement, dated as of October 3, 2022 (the "Business Combination Agreement"), entered into by and among Pathfinder Acquisition Corporation (which subsequently changed its name to "Movella Holdings Inc.", the "Issuer"), Motion Merger Sub, Inc. and Movella Inc., pursuant to which the Issuer acquired Movella Inc. (the "Business Combination"). Pursuant to the terms of the Business Combination Agreement, each share of Movella Inc. common stock outstanding and each Movella Inc. option outstanding immediately prior to the closing of the Business Combination was entitled to receive 0.4887409556 shares of Issuer common stock or option, respectively. The Business Combination closed on February 10, 2023 (the "Closing Date").
F2 Option is fully vested.
F3 Option is fully vested.
F4 Option vests over four years with 1/48th of the shares vesting on each monthly anniversary of December 3, 2020, subject to the reporting person's continued service with the Issuer through the applicable vesting date. Option is subject to double-trigger acceleration such that 50% of the unvested portion of the option shall vest upon the holder's involuntary termination for reasons other than cause within the 12 months following a deemed liquidation event.

Remarks:

President and Chief Executive Officer