Deepak Mulchandani - Apr 27, 2023 Form 3 Insider Report for Interactive Strength, Inc. (TRNR)

Role
Director
Signature
/s/ Deepak M. Mulchandani
Stock symbol
TRNR
Transactions as of
Apr 27, 2023
Transactions value $
$0
Form type
3
Date filed
4/27/2023, 09:54 PM
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TRNR Common Stock 3.37K Apr 27, 2023 Direct

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
holding TRNR Stock Option (right to buy Apr 27, 2023 Common Stock 833 $22.50 Direct F1
holding TRNR Stock Option (right to buy Apr 27, 2023 Common Stock 4.48K $0.51 Direct F2
holding TRNR Stock Option (right to buy Apr 27, 2023 Common Stock 50K $0.51 Direct F3
holding TRNR Stock Option (right to buy Apr 27, 2023 Common Stock 350K $0.51 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an initial option to purchase 833 shares of common stock, with 1/12th of the shares subject to the option vesting each month following July 1, 2023, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F2 Option is fully vested.
F3 Represents an initial option to purchase 50,000 shares of common stock, with 50% of the shares subject to the option having vested on December 1, 2022, 25% of the shares subject to the option vesting on December 1, 2023, and the remaining 25% of the shares subject to the option vesting ratably over the 12-month period beginning on December 1, 2023 and ending on December 1, 2024, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F4 Represents an initial option to purchase 350,000 shares of common stock, with 34% of the shares subject to the option vesting on January 31, 2023, 33% of the shares subject to the option vesting on January 1, 2024, and the remaining 33% of the shares subject to the option vesting in 12 equal monthly installments thereafter, subject to the reporting person's continued service with the Issuer through the applicable vesting date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney