John Stark VIII - Jun 10, 2021 Form 4 Insider Report for Quantum-Si Inc (QSI)

Role
Chief Executive Officer, Director
Signature
/s/ Christian LaPointe, Ph.D., Attorney-in-Fact
Stock symbol
QSI
Transactions as of
Jun 10, 2021
Transactions value $
$0
Form type
4
Date filed
6/14/2021, 06:50 PM
Next filing
Jan 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSI Class A Common Stock Award +1.7M 1.7M Jun 10, 2021 Direct F1, F2
transaction QSI Class A Common Stock Award +454K +26.64% 2.16M Jun 10, 2021 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vest as to 25% on January 7, 2022, with the remainder vesting in 12 equal quarterly installments thereafter beginning with the quarter ending March 31, 2022, subject to Mr. Stark's continued service through the applicable vesting date.
F2 In connection with the closing of the transactions (the "Business Combination") contemplated by the Business Combination Agreement, dated as of February 18, 2021, by and among HighCape Capital Acquisition Corp. ("HighCape"), Tenet Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of HighCape ("Merger Sub"), and Quantum-Si Incorporated, a Delaware corporation ("Quantum-Si"), pursuant to which Merger Sub merged with and into Quantum-Si (the "Merger"), with Quantum-Si surviving as a wholly-owned subsidiary of HighCape (which changed its name to "Quantum-Si Incorporated", the "Issuer"), these RSUs were received in exchange for 2,136,000 RSUs of Quantum-Si.
F3 Consists of RSUs. Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vest (i) on the closing of a financing in excess of $50 million within three years of Mr. Stark's start date at a share price greater than $16.08 (as adjusted), or (ii) if Quantum-Si is a publicly listed company and within three years of Mr. Stark's start date the closing price of Quantum-Si's shares is $16.08 (as adjusted) or more for any 20 trading days within any 30 consecutive trading day period, subject to Mr. Stark's continued service through the applicable vesting date.
F4 In connection with the Merger, these RSUs were received in exchange for 569,000 RSUs of Quantum-Si.