Richard Pyontek - Jan 2, 2024 Form 4 Insider Report for Trinity Place Holdings Inc. (TPHS)

Role
Chief Accounting Officer
Signature
/s/ Richard Pyontek
Stock symbol
TPHS
Transactions as of
Jan 2, 2024
Transactions value $
-$502
Form type
4
Date filed
1/4/2024, 04:16 PM
Previous filing
Jan 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPHS Common Stock Options Exercise +4K +11.9% 37.6K Jan 2, 2024 Direct F1
transaction TPHS Common Stock Tax liability -$201 -1.82K -4.85% $0.11 35.8K Jan 2, 2024 Direct
transaction TPHS Common Stock Options Exercise +6K +16.76% 41.8K Jan 2, 2024 Direct F1
transaction TPHS Common Stock Tax liability -$301 -2.74K -6.55% $0.11 39.1K Jan 2, 2024 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 TPHS Restricted Stock Units Options Exercise $0 -4K -100% $0.00* 0 Jan 2, 2024 Common Stock 8K Direct F1, F2
transaction TPHS Restricted Stock Units Options Exercise $0 -6K -50% $0.00 6K Jan 2, 2024 Common Stock 6K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the right to receive one share of common stock of Trinity Place Holdings Inc.
F2 On January 3, 2022, the reporting person was granted 8,000 RSUs. 4,000 of the RSUs each vested on January 1, 2023 and 2024. The settlement of the RSUs that vested on January 1, 2024 occurred on January 2, 2024.
F3 On January 3, 2023, the reporting person was granted 12,000 RSUs. 6,000 of the RSUs vested on January 1, 2024 and 6,000 RSUs will vest on January 1, 2025, subject to the reporting person's continued employment on the vesting date. In the event the reporting person's employment is terminated by the Company without Cause (as defined in the reporting person's employment agreement), the remaining 6,000 RSUs that had not previously vested will immediately vest. The settlement of the vested RSUs occurred on January 2, 2024.