Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BODY | Stock Option (Right to Buy Class A Common Stock) | Award | $0 | +7.96M | $0.00 | 7.96M | Jun 15, 2023 | Class A Common Stock | 7.96M | $0.44 | Direct | F1 | |
transaction | BODY | Stock Option (Right to Buy Class A Common Stock) | Award | $0 | +15.9M | $0.00 | 15.9M | Jun 15, 2023 | Class A Common Stock | 15.9M | $0.44 | Direct | F2 |
Id | Content |
---|---|
F1 | Represents time-based stock options that will vest and become exercisable with respect to 25% of the shares subject to the option on each of the first four anniversaries of June 15, 2023, subject to the Reporting Person's continued service with the Company through the applicable vesting date. |
F2 | Represents performance-based stock options that may be earned in four separate tranches based on the achievement of pre-determined per share stock price goals for each tranche. The earned performance-based options will vest and become exercisable as of the later of (i) June 15, 2024 and (ii) the date on which the applicable price per share goal is achieved, subject to the Reporting Person's continued service with the Company through such date. |