| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CASA | Common Stock | Options Exercise | +366,611 | +16% | 2,658,412 | 08 Dec 2023 | Direct | F1 | ||
| transaction | CASA | Common Stock | Tax liability | $65,538 | -121,366 | -4.6% | $0.5400 | 2,537,046 | 08 Dec 2023 | Direct | F2 |
| 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 | -53,303 | -100% | $0.000000* | 0 | 08 Dec 2023 | Common Stock | 53,303 | Direct | F3, F4 | |
| transaction | CASA | Restricted Stock Units | Options Exercise | $0 | -47,934 | -100% | $0.000000* | 0 | 08 Dec 2023 | Common Stock | 47,934 | Direct | F3, F5 | |
| transaction | CASA | Restricted Stock Units | Options Exercise | $0 | -241,407 | -100% | $0.000000* | 0 | 08 Dec 2023 | Common Stock | 241,407 | Direct | F3, F6 | |
| transaction | CASA | Restricted Stock Units | Award | $0 | +23,967 | $0.000000 | 23,967 | 08 Dec 2023 | Common Stock | 23,967 | Direct | F3, F7 | ||
| transaction | CASA | Restricted Stock Units | Options Exercise | $0 | -23,967 | -100% | $0.000000* | 0 | 08 Dec 2023 | Common Stock | 23,967 | Direct | F3, F8 |
Weidong Chen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| 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 | Shares withheld by the Company to satisfy tax withholding requirements on vesting of RSUs. No shares were sold. |
| F3 | 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. |
| F4 | Pursuant to the Separation Agreement entered into by the Company and the reporting person on November 17, 2023 (the "Separation Agreement"), the vesting of the RSUs granted to the reporting person on February 25, 2020, was fully accelerated and all of the shares underlying the award became vested as of December 8, 2023. The RSUs have no expiration date. |
| F5 | Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on February 23, 2021, was fully accelerated and all of the shares underlying the award became vested as of December 8, 2023. The RSUs have no expiration date. |
| F6 | Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on May 9, 2022, was fully accelerated and all of the shares underlying the award became vested as of December 8, 2023. The RSUs have no expiration date. |
| F7 | These RSUs were granted to the reporting person on February 23, 2021, subject to performance-based vesting conditions. The vesting of these RSUs was fully accelerated as of December 8, 2023, pursuant to the Separation Agreement. These RSUs have no expiration date. |
| F8 | Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on February 23, 2021, was fully accelerated and all of the shares underlying the award became vested as of December 8, 2023. The RSUs have no expiration date. |
Former Chief Technology Officer