Clinton Larry Stinchcomb - 28 Jul 2023 Form 4 Insider Report for CuriosityStream Inc. (CURI)

Role: President and CEO, Director
Signature: /s/ Marianna Shelenkova as attorney-in-fact for Clint Stinchcomb
Issuer symbol: CURI
Transactions as of: 28 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 01 Aug 2023, 15:59:29 UTC
Previous filing: 14 Nov 2022
Next filing: 04 Aug 2023
SEC: View on sec.gov

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		+692,887			692,887	28 Jul 2023	Common Stock	692,887		Direct	F1, F2
transaction	CURI	Restricted Stock Units	Award		+392,097			392,097	28 Jul 2023	Common Stock	392,097		Direct	F1, F3
transaction	CURI	Stock Options (right to buy)	Disposed to Issuer		-315,593	-100%		0	28 Jul 2023	Common Stock	315,593	$4.20	Direct	F1, F4
transaction	CURI	Stock Options (right to buy)	Disposed to Issuer		-16,067	-100%		0	28 Jul 2023	Common Stock	16,067	$4.04	Direct	F1, F5
transaction	CURI	Stock Options (right to buy)	Disposed to Issuer		-618,561	-100%		0	28 Jul 2023	Common Stock	618,561	$4.04	Direct	F1, F5
transaction	CURI	Stock Options (right to buy)	Disposed to Issuer		-2,038,570	-100%		0	28 Jul 2023	Common Stock	2,038,570	$8.77	Direct	F1, F6
transaction	CURI	Stock Options (right to buy)	Disposed to Issuer		-355,500	-100%		0	28 Jul 2023	Common Stock	355,500	$11.50	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. Stinchcomb's options to purchase 3,344,291 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Mr. Stinchcomb 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. Stinchcomb's fully vested cancelled stock options, the Company granted Mr. Stinchcomb 692,887 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. Stinchcomb's unvested cancelled stock options, the Company granted Mr. Stinchcomb 392,097 RSUs under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest as follows: 31,610 shares on August 2, 2023; and 360,487 shares in equal increments on November 2, 2023 and November 2, 2024.
F4	Includes unvested option to purchase 78,898 shares of the Company's common stock, which would have vested on August 2, 2023.
F5	Represents a fully vested option award.
F6	Includes unvested option to purchase 1,019,285 shares of the Company's common stock, which would have vested ratably on November 2, 2023 and November 2, 2024.