Matthew Slepian - Feb 25, 2023 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: Feb 25, 2023
Transactions value $: -$13,612
Form type: 4
Date filed: 2/28/2023, 05:00 PM
Previous filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CASA	Common Stock	Options Exercise		+12.5K	+32.55%		51K	Feb 25, 2023	Direct	F1
transaction	CASA	Common Stock	Tax liability	-$13.6K	-3.87K	-7.58%	$3.52	47.2K	Feb 25, 2023	Direct	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	CASA	Restricted Stock Units	Options Exercise	$0	-12.5K	-50%	$0.00	12.5K	Feb 25, 2023	Common Stock	12.5K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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	Shares withheld by the Company to satisfy tax withholding requirements on vesting of RSUs. No shares were sold.
F3	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.
F4	These RSUs are scheduled to vest over four years, with 25% of the shares underlying the award vesting on February 25, 2021, 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.