Salvatore Palella - 12 Aug 2021 Form 4 Insider Report for Helbiz, Inc. (MCOM)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Salvatore Palella
Issuer symbol
MCOM
Transactions as of
12 Aug 2021
Net transactions value
+$6,510,899
Form type
4
Filing time
11 Mar 2022, 06:48:02 UTC
Previous filing
01 Feb 2022
Next filing
29 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCOM Common Stock (Class A) Purchase $152,500 +50,000 +10% $3.05* 550,000 08 Mar 2022 Direct

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 MCOM Stock Options Award $4,528,399 +1,484,721 $3.05* 1,484,721 12 Aug 2021 Class A Common Stock 1,484,721 $2.16 Direct F1, F2
transaction MCOM Performance Based Restricted Award $1,830,000 +600,000 $3.05* 600,000 12 Aug 2021 Class A Common Shares 600,000 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted by Helbiz Holdings Inc., under the 2020 Equity Incentive Plan adopted on April 1, 2020. Upon the merger by and among Green Vision Acquisition Corp., Helbiz Holdings Inc., and Green Vision Merge Sub Inc. on August 12, 2021, the options were exchanged for options of Helbiz, Inc., the successor to GreenVision Acquisition Corp.
F2 50% of the options vest on the one-year anniversary of the 2020 Equity Incentive Plan. The remaining stock options vest at a rate of 1.4% a month over the next 36 months. As of the date of this filing 969,244 Stock Options have vest.
F3 Granted by Helbiz Holdings Inc. under the 2020 CEO Performance Plan adopted on April 1,2020. Upon the merger by and among GreenVision Acquisition Corp., Helbiz Holdings Inc., and GreenVision Merger Sub Inc. on August 12,2021, the performance-based restricted shares were exchanged for performance-based restricted shares of Helbiz Inc., the successor to GreenVision Acquisition Corp.
F4 The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 4/1/2020 and 4/1/2030 (the "2020-2030 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. The portion of the target number of performance-based restricted shares allocated to each applicable performance objective will vest upon the attainment of the applicable performance objective.