Key facts
- This page summarizes Michael C. Jonas's Form 4 filing for Zedge, Inc. (ZDGE).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 23 Jan 2025, 15:30.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
No transaction description listed
No transaction description listed
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Additional SEC filing notes
Footnote F1
Includes 30,864 vested restricted shares; 116,208 unvested restricted shares, 38,736 shares of which shall vest on each of February 7, 2025, February 9, 2026, and February 8, 2027; and 8,700 shares issued upon the vesting of deferred stock units ("DSUs").
Footnote F2
Represents a grant of 12,700 DSUs. Each DSU represents the right to receive between 1/3 of a share and 3 shares of the Issuer's Class B common stock. Vesting of the DSUs will be as follows: 4,233 on each of September 8, 2025 and September 7, 2026; and 4,234 on September 6, 2027. The number of shares that will be issued for each DSU vested will depend on the market price for the Class B common stock as of the relevant vesting date. If the market price of Class B common stock on the vesting date is less than $2.76 (the baseline value of a share of Class B common stock at the time the grant was approved), 1/3 of a share will be issued per DSU; if the price is $7.00 or greater, 3 shares will be issued per DSU. For prices between $2.76 and $7.00, the number of shares issued will be proportionate based on six distinct market price bands. Upon vesting in full, the Reporting Person will be entitled to receive between 4,234 and 38,100 shares of Class B common stock.