Bernardo Fiaux - May 1, 2024 Form 4 Insider Report for Whole Earth Brands, Inc. (FREE)

Role
Chief Financial Officer
Signature
/s/ Bernardo Fiaux, by Ira W. Schlussel, as Attorney-in-Fact
Stock symbol
FREE
Transactions as of
May 1, 2024
Transactions value $
-$190,655
Form type
4
Date filed
5/3/2024, 06:53 PM
Previous filing
May 26, 2023
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FREE Common Stock Options Exercise +89.3K +89.29% 189K May 1, 2024 Direct F1
transaction FREE Common Stock Tax liability -$191K -39.6K -20.9% $4.82 150K May 1, 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 FREE Restricted Stock Units Options Exercise $0 -62.5K -100% $0.00* 0 May 1, 2024 Common Stock 62.5K Direct F1, F2
transaction FREE Performance-Based Restricted Stock Units Options Exercise $0 -26.8K -11.81% $0.00 200K May 1, 2024 Common Stock 26.8K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") and performance-based restricted stock units ("PSUs") convert into shares of Whole Earth Brands, Inc.'s common stock on a one-for-one basis.
F2 On May 1, 2023, the Reporting Person was granted 62,500 RSUs, which vested on the first anniversary of the date of grant.
F3 On May 1, 2023, the Reporting Person was granted 26,786 PSUs, which were subject to the achievement by Whole Earth Brands, Inc. of certain financial performance criteria and which vested on the first anniversary of the date of grant.