Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PEARQ | Stock Option (Right to Buy) | Award | $0 | +52.5K | $0.00 | 52.5K | Feb 16, 2022 | Common Stock | 52.5K | $4.06 | Direct | F1 | |
transaction | PEARQ | Restricted Stock Units | Award | $0 | +66.7K | $0.00 | 66.7K | Feb 16, 2022 | Common Stock | 66.7K | Direct | F2, F3 |
Id | Content |
---|---|
F1 | 25% of the shares underlying the option shall vest on January 14, 2023 and an additional 2.0833 and 1/3% of the shares shall vest on the last day of each calendar month thereafter. |
F2 | Each restricted stock unit represents a contingent right to receive one share of PEAR common stock. |
F3 | The restricted stock units shall vest and settle as to 33% of the shares on January 14, 2023, 33% of the shares on January 14, 2024 and the final 34% on January 14, 2025. |