| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | PAYO | Common Stock | 1.75M | Mar 1, 2023 | Direct | F1 | |||||
| holding | PAYO | Common Stock | 600K | Mar 1, 2023 | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | Represents shares of Common Stock underlying restricted stock units subject to time-based vesting, previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan. One-fourth of these restricted stock units will vest on January 16, 2024, and the remainder will vest ratably in approximately 1/16 installments of the total number of time-based restricted stock units on a quarterly basis thereafter, provided that the Reporting Person remains in continuous service on each applicable vesting date. |
| F2 | Represents the maximum amount of shares of Common Stock underlying restricted stock units that will vest upon the achievement of both a time-based vesting condition and a stock price based performance condition and that were previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan. One-fourth of the Reporting Person's restricted stock units will satisfy the time-based vesting condition on January 16, 2024 and the remainder will satisfy the time-based vesting condition in 1/16 installments of the total number of restricted stock units on a quarterly basis thereafter, provided that the Reporting Person remains in continuous service on each applicable time-vesting date. |
| F3 | The stock price based performance condition will be determined to have been achieved with respect to (i) 200,000 restricted stock units upon the achievement of a target stock price of $10.00; (ii) 200,000 restricted stock units upon the achievement of a target stock price of $15.00, and (iii) 200,000 restricted stock units upon the achievement of a target stock price of $20.00, with the target stock prices only deemed to have been achieved if the closing price of the Issuer's stock is at or above the applicable target stock price for a minimum of 20 out of 30 consecutive trading days occurring on or before January 8, 2028, subject to the Reporting Person remaining in continuous service through the achievement of each of the applicable target stock prices. |
Exhibit List - Exhibit 24 - Power of Attorney