Jorge Hidalgo - Jan 1, 2022 Form 4 Insider Report for HEMISPHERE MEDIA GROUP, INC. (HMTV)

Role
Officer of Subsidiary Division
Signature
/s/ Jorge Hidalgo
Stock symbol
HMTV
Transactions as of
Jan 1, 2022
Transactions value $
-$27,161
Form type
4
Date filed
1/4/2022, 04:01 PM
Next filing
Sep 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMTV CLASS A COMMON STOCK Tax liability -$27.2K -3.74K -12.45% $7.27 26.3K Jan 1, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the Hemisphere Media Group, Inc. (the "Company") Amended and Restated 2013 Equity Incentive Plan (the "Plan"), the Reporting Person returned shares of the Company's Class A common stock, par value $0.0001 per share ("Class A common stock") to the Company for the purpose of paying the Reporting Person's withholding taxes due upon the vesting of restricted shares of Class A common stock previously awarded to the Reporting Person under the Plan. The disposition is exempt in accordance with Rule 16b-3.
F2 The fair market value of the Class A common stock at the close of trading on December 31, 2021, the last trading day prior to January 1, 2022, the date of vesting, was used to calculate the number of shares deducted to satisfy the Reporting Person's tax withholding obligations.
F3 Of these shares, 20,000 are restricted securities and will vest, subject to certain exceptions, in equal installments on the second and third anniversary of January 1, 2021.