Scott Bruckner - Sep 13, 2023 Form 4 Insider Report for Casa Systems Inc (CASA)

Role: Director
Signature: /s/ Timothy C. Rodenberger, as Attorney-in-Fact
Stock symbol: CASA
Transactions as of: Sep 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/14/2023, 04:30 PM
Previous filing: Jun 20, 2023
Next filing: Dec 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CASA	Common Stock	Options Exercise		+22.9K	+13.67%		191K	Sep 13, 2023	Direct	F1

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	CASA	Restricted Stock Units	Options Exercise	$0	+22.9K	+11.11%	$0.00	229K	Sep 13, 2023	Common Stock	22.9K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") converted into common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") on a one-for-one basis upon vesting of the RSU.
F2	Each RSU represents the right to receive one share of Common Stock of Company upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU Agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.
F3	The RSUs are scheduled to vest over three years, with 1/12th of the shares underlying the award vesting on June 13, 2023, and the remainder of the shares underlying the award vesting in eleven equal quarterly installments thereafter. The RSUs have no expiration date.