Yinghua Chen - Feb 22, 2024 Form 4 Insider Report for Allied Gaming & Entertainment Inc. (AGAE)

Role
Chief Executive Officer, Director
Signature
/s/ Roy L. Anderson, as attorney-in-fact
Stock symbol
AGAE
Transactions as of
Feb 22, 2024
Transactions value $
-$78,574
Form type
4
Date filed
2/26/2024, 08:26 PM
Previous filing
Nov 18, 2021
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGAE Common Stock, par value $0.0001 per share Award $0 +1.23M +4861.28% $0.00 1.26M Feb 22, 2024 Direct F1, F2
transaction AGAE Common Stock, par value $0.0001 per share Tax liability -$78.6K -75.6K -6.02% $1.04 1.18M Feb 22, 2024 Direct F2, F3

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 AGAE Stock Options (right to buy) Award $0 +75K $0.00 75K Nov 11, 2021 Common Stock 75K $2.21 Direct F4
transaction AGAE Stock Options (right to buy) Award $0 +40K $0.00 40K Jul 1, 2020 Common Stock 40K $2.11 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of a grant of restricted stock units ("RSU"). Each RSU represents the right to receive one share of common stock, par value $0.0001 per share, of the Issuer (the "Common Stock"). The RSUs shall vest: (i) twenty-five percent (25%) immediately upon granting and (ii) the remaining shares shall vest in three (3) equal successive installments upon the Reporting Person's completion of each six (6) month period of service over the eighteen (18) month period measured from the date of grant.
F2 Includes 922,500 shares of the Issuer's Common Stock subject to RSUs granted on February 22, 2024.
F3 Represents shares withheld to satisfy tax withholding obligations.
F4 Option vests as follows: 18,750 shares vest on each of 11/11/2022, 11/11/2023, 11/11/2024, and 11/11/2025. Subject to accelerated vesting upon the consummation of a qualified acquisition.
F5 10,000 shares vest on each of 7/01/2021, 7/01/2022, 7/01/2023, and 7/01/2024.

Remarks:

Exhibit 24.1 Power of Attorney filed herewith.