Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AZYO | Stock Option (Right to Buy) | Award | $0 | +274K | $0.00 | 274K | Jun 21, 2022 | Class A Common Stock | 274K | $6.39 | Direct | F1 | |
transaction | AZYO | Stock Option (Right to Buy) | Award | $0 | +183K | $0.00 | 183K | Jun 21, 2022 | Class A Common Stock | 183K | $6.39 | Direct | F2 |
Id | Content |
---|---|
F1 | The option vests and becomes exercisable as to one-third of the underlying shares upon the day following the expiration of the Interim Period (as defined in the Reporting Person's Employment Agreement dated June 21, 2022). The remaining two-thirds of the underlying shares vest and become exercisable, with respect to 25% of such shares, on June 21, 2023, and, with respect to 75% of such shares, in twelve equal quarterly installments thereafter, beginning on September 21, 2023, subject to the Reporting Person's continuous employment with the Issuer through the applicable vesting date. |
F2 | The option vests and becomes exercisable in four equal installments upon the Issuer's achievement of a share price equal to or greater than $12.50, $17.00, $25.00 and $37.00, in each case determined based on twenty consecutive days of trading at or above the applicable threshold, subject to the Reporting Person's continuous employment with the Issuer through the applicable vesting date. |