Galen Paul Hess - Jul 27, 2021 Form 4 Insider Report for Snap One Holdings Corp. (SNPO)

Role
Chief Product Officer
Signature
/s/ JD Ellis, Attorney-in-fact for Galen Paul Hess
Stock symbol
SNPO
Transactions as of
Jul 27, 2021
Transactions value $
-$150,069
Form type
4
Date filed
8/20/2021, 05:03 PM
Next filing
Jul 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNPO Common Stock Award +93.3K +65% 237K Jul 27, 2021 Direct F1, F2
transaction SNPO Common Stock Sale -$150K -8.89K -3.75% $16.88 228K Aug 18, 2021 Direct F3

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 SNPO Stock Options (Right to Buy) Award +202K 202K Jul 27, 2021 Common Stock 202K $18.00 Direct F4, F5
transaction SNPO Stock Options (Right to Buy) Award +45.3K 45.3K Jul 27, 2021 Common Stock 45.3K $18.00 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of restricted common stock received from the issuer in respect of unvested units held from three grants in Crackle Holdings L.P. prior to the consummation of the initial public offering of the issuer, of which (i) a portion will vest in equal installments on each October 23 and April 23 with a final vesting date of October 23, 2022, (ii) a portion will vest in equal installments on each December 1 and June 1 with a final vesting date of December 1, 2025 and (iii) a portion will vest subject to the satisfaction of certain performance-based vesting conditions on our prior to February 4, 2024. These securities were previously reported on the Form 3 filed by the Reporting Person.
F2 Includes shares received in a distribution from Crackle Holdings L.P. in respect of certain of the reporting person's previously held interests in Crackle Holdings L.P.
F3 On August 18, 2021, the underwriters of the initial public offering of the issuer exercised the over-allotment option in part. This amount represents the $18.00 public offering price per share of the Common Stock of the Issuer less the underwriting discount of $1.125 per share.
F4 Represents stock options received by the reporting person in respect of certain of the reporting person's previously held interests in Crackle Holdings L.P. These securities were previously reported on the Form 3 filed by the Reporting Person, although the Expiration Date on the Form 3 was incorrectly stated and has been corrected in the table above.
F5 Of these options, as of July 27, 2021, 113,879 are unvested options which will vest as follows: (i) 37,960 options will vest in equal installments on each October 23 and April 23 with a final vesting date of October 23, 2022 and (ii) 75,919 will vest subject to the satisfaction of certain performance-based vesting conditions on or prior to February 4, 2024.
F6 Of these opions, as of July 27, 2021, 45,278 are unvested options which will vest 20% on December 1, 2021 and thereafter in equal installments on each June 1 and December 1 with a final vesting date of December 1, 2025.