Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WEBR | Class A Common Stock | Award | $0 | +8.93K | $0.00 | 8.93K | Aug 9, 2021 | Direct | F1 | |
transaction | WEBR | Class B Common Stock | Award | $0 | +76.2K | $0.00 | 76.2K | Aug 9, 2021 | By Open Road Capital LLC | F2, F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WEBR | LLC Units in Weber HoldCo LLC | Award | +76.2K | 76.2K | Aug 9, 2021 | Class A Common Stock | 76.2K | $0.00 | See footnote | F2, F3 |
Id | Content |
---|---|
F1 | Reflects restricted stock units ("RSUs") for the issuer's Class A common stock ("Class A Common Stock") granted in connection with the reporting person's service as a director. The RSUs vest on the earlier of (i) the one year anniversary of the date of grant and (ii) the time of the annual stockholder meeting that occurs during the 2022 fiscal year. |
F2 | Reflects shares of Class B common stock of the issuer ("Class B Common Stock") and common units of Weber HoldCo LLC ("LLC Units") in which the reporting person holds an indirect pecuniary interest through ownership of corresponding common units of Weber-Stephen Management Pool LLC ("Management Pool LLC"). The LLC Units (and a corresponding number of shares of Class B Common Stock) may be distributed to the reporting person at the reporting person's election, in which case the reporting person may then require Weber HoldCo LLC to redeem the LLC Units for newly issued shares of Class A Common Stock on a one-for-one basis (at which time, a corresponding number of shares of Class B Common Stock will also be cancelled on a one-for-one basis) or, at the issuer's election, an equivalent cash payment. (conts on fn 3) |
F3 | (cont'd from fn 2) The LLC Units were received by Management Pool LLC in the reorganization transactions effected in connection with the issuer's initial public offering in replacement of historical units of a predecessor entity. The LLC Units do not expire. |