Jerry Guo - 21 Mar 2023 Form 4 Insider Report for Casa Systems Inc

Role
Director
Signature
/s/ Timothy C. Rodenberger, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
21 Mar 2023
Net transactions value
-$804,318
Form type
4
Filing time
23 Mar 2023, 18:15:08 UTC
Previous filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CASA Common Stock Options Exercise +89,185 +0.8% 11,231,711 21 Mar 2023 Direct F1
transaction CASA Common Stock Options Exercise +401,011 +3.6% 11,632,722 21 Mar 2023 Direct F1
transaction CASA Common Stock Options Exercise +381,796 +3.3% 12,014,518 21 Mar 2023 Direct F1
transaction CASA Common Stock Options Exercise +407,249 +3.4% 12,421,767 21 Mar 2023 Direct F1
transaction CASA Common Stock Options Exercise +154,869 +1.2% 12,576,636 21 Mar 2023 Direct F1
transaction CASA Common Stock Tax liability $804,318 -693,378 -5.5% $1.16 11,883,258 21 Mar 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 -89,185 -100% $0.000000* 0 21 Mar 2023 Common Stock 89,185 Direct F3, F4
transaction CASA Restricted Stock Units Options Exercise $0 -401,011 -100% $0.000000* 0 21 Mar 2023 Common Stock 401,011 Direct F3, F5
transaction CASA Restricted Stock Units Options Exercise $0 -381,796 -100% $0.000000* 0 21 Mar 2023 Common Stock 381,796 Direct F3, F6
transaction CASA Restricted Stock Units Options Exercise $0 -407,249 -100% $0.000000* 0 21 Mar 2023 Common Stock 407,249 Direct F3, F7
transaction CASA Restricted Stock Units Award $0 +154,869 $0.000000 154,869 21 Mar 2023 Common Stock 154,869 Direct F3, F8
transaction CASA Restricted Stock Units Options Exercise $0 -154,869 -100% $0.000000* 0 21 Mar 2023 Common Stock 154,869 Direct F3, F9
* 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 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.
F4 Pursuant to the Separation Agreement entered into by the Company and the reporting person on March 14, 2023 (the "Separation Agreement"), the vesting of the RSUs granted to the reporting person on February 25, 2020 was fully accelerated and all of the shares underlying the award became vested as of March 21, 2023. The RSUs have no expiration date.
F5 Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on February 23, 2021 was fully accelerated and all of the shares underlying the award became vested as of March 21, 2023. The RSUs have no expiration date.
F6 Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on May 9, 2022 was fully accelerated and all of the shares underlying the award became vested as of March 21, 2023. The RSUs have no expiration date.
F7 Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on May 9, 2022 was fully accelerated and all of the shares underlying the award became vested as of March 21, 2023. The RSUs have no expiration date.
F8 These 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, and subject to the other terms and conditions set forth in the applicable RSU agreement. These RSUs have no expiration date.
F9 Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on May 11, 2022 was fully accelerated and all of the shares underlying the award became vested as of March 21, 2023. The RSUs have no expiration date.