Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PET | Options to purchase shares of Wag! Group Co. common stock | Award | +34K | 34K | Aug 9, 2022 | Common Stock | 34K | $3.05 | Direct | F1, F4, F5 | |||
transaction | PET | Options to purchase shares of Wag! Group Co. common stock | Award | +77.9K | 77.9K | Aug 9, 2022 | Common Stock | 77.9K | $0.09 | Direct | F2, F4 | |||
transaction | PET | Options to purchase shares of Wag! Group Co. common stock | Award | +37.1K | 37.1K | Aug 9, 2022 | Common Stock | 37.1K | $0.16 | Direct | F3, F4 |
Id | Content |
---|---|
F1 | The options to purchase shares of Wag! Group Co. (the "Issuer") common stock ("Options") vest in 48 equal monthly installments with a one year cliff beginning on December 6, 2018. |
F2 | 25% of the Options vested on March 18, 2020, with the remaining Options vesting in 36 equal monthly installments beginning on January 6, 2020. |
F3 | 50% of the Options vested on March 2, 2021, with the remaining Options vesting in 24 equal monthly installments beginning on January 6, 2021. |
F4 | Upon the closing of the Business Combination, all shares of Wag! Labs, Inc. converted into Wag! Group Co. shares on a 1 for 0.97 basis. |
F5 | The Business Combination Agreement provides that certain eligible company equity holders will receive earn-out shares as additional consideration for the company interests acquired in connection with the Business Combination, for no consideration, after certain triggering events as defined in the Business Combination Agreement. The reporting person's right to receive additional shares pursuant to this earn-out right became fixed on August 9, 2022, the effective date of the Business Combination. |