Peter Westley - Jul 28, 2023 Form 4 Insider Report for CuriosityStream Inc. (CURI)

Role
Chief Financial Officer
Signature
/s/ Marianna Shelenkova as attorney-in-fact for Peter Westley
Stock symbol
CURI
Transactions as of
Jul 28, 2023
Transactions value $
$0
Form type
4
Date filed
8/1/2023, 03:48 PM
Previous filing
Jun 5, 2023
Next filing
Nov 7, 2023

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 CURI Restricted Stock Units Award +44.2K 44.2K Jul 28, 2023 Common Stock 44.2K Direct F1, F2
transaction CURI Restricted Stock Units Award +135K 135K Jul 28, 2023 Common Stock 135K Direct F1, F3
transaction CURI Stock Options (right to buy) Disposed to Issuer -50K -100% 0 Jul 28, 2023 Common Stock 50K $2.32 Direct F1, F4
transaction CURI Stock Options (right to buy) Disposed to Issuer -222K -100% 0 Jul 28, 2023 Common Stock 222K $1.62 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Mr. Westley's options to purchase 271,904 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Mr. Westley RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023.
F2 On July 28, 2023, pursuant to the Option Cancellation and Exchange, in exchange for Mr. Westley's fully vested cancelled stock options, the Company granted Mr. Westley 44,249 RSUs under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest on July 28, 2024.
F3 On July 28, 2023, pursuant to the Option Cancellation and Exchange, in exchange for Mr. Westley's unvested cancelled stock options, the Company granted Mr. Westley 134,813 RSUs under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest as follows: 23,502 shares in equal increments on April 22, 2024, April 22, 2025 and April 22, 2026; and 111,311 shares in equal increments on May 21, 2024, May 21, 2025, and May 21, 2026.
F4 Includes unvested option to purchase 37,500 shares of the Company's common stock, which would have vested annually until April 22, 2026.
F5 Includes unvested option to purchase 166,428 shares of the Company's common stock, which would have vested annually until May 21, 2026.