Matthew Messinger - 29 Aug 2024 Form 4 Insider Report for Trinity Place Holdings Inc. (TPHS)

Role
Director, Former President and CEO
Signature
/s/ Richard Pyontek, as Attorney-in Fact for Matthew Messinger
Issuer symbol
TPHS
Transactions as of
29 Aug 2024
Net transactions value
-$11,508
Form type
4
Filing time
30 Aug 2024, 16:15:15 UTC
Previous filing
01 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPHS Common Stock Options Exercise +73,334 +3.4% 2,241,951 29 Aug 2024 Direct F1
transaction TPHS Common Stock Tax liability $1,796 -35,912 -1.6% $0.0500 2,206,039 29 Aug 2024 Direct
transaction TPHS Common Stock Options Exercise +146,667 +6.6% 2,352,706 29 Aug 2024 Direct F1
transaction TPHS Common Stock Tax liability $3,591 -71,822 -3.1% $0.0500 2,280,884 29 Aug 2024 Direct
transaction TPHS Common Stock Options Exercise +250,000 +11% 2,530,884 29 Aug 2024 Direct F1
transaction TPHS Common Stock Tax liability $6,121 -122,424 -4.8% $0.0500 2,408,460 29 Aug 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 -73,334 -100% $0.000000 0 29 Aug 2024 Common Stock 73,334 Direct F1, F2
transaction TPHS Restricted Stock Units Options Exercise $0 -146,667 -100% $0.000000 0 29 Aug 2024 Common Stock 146,667 Direct F1, F3
transaction TPHS Restricted Stock Units Options Exercise $0 -250,000 -100% $0.000000 0 29 Aug 2024 Common Stock 250,000 Direct F1, F4
* 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") converts into one share of common stock of Trinity Place Holdings Inc.
F2 On January 3, 2022, the reporting person was granted 220,000 RSUs, subject to vesting and settlement as described in the reporting person's Form 4 filed on January 4, 2022. On April 26, 2024, the reporting person entered into an amendment to his employment agreement, pursuant to which, among other things, the remaining RSUs held by the reporting person vested. The settlement of 73,334 RSUs occurred on August 29, 2024.
F3 On January 3, 2023, the reporting person was granted 220,000 RSUs, subject to vesting and settlement as described in the reporting person's Form 4 filed on January 5, 2023. On April 26, 2024, the reporting person entered into an amendment to his employment agreement, pursuant to which, among other things, the remaining RSUs held by the reporting person vested. The settlement of 146,667 RSUs occurred on August 29, 2024.
F4 On January 2, 2024, the reporting person was granted 250,000 RSUs, subject to vesting and settlement as described in the reporting person's Form 4 filed on January 3, 2024. On April 26, 2024, the reporting person entered into an amendment to his employment agreement, pursuant to which, among other things, the remaining RSUs held by the reporting person vested. The settlement of 250,000 RSUs occurred on August 29, 2024.