Richard Guy Pyontek - 02 Jan 2025 Form 4 Insider Report for Trinity Place Holdings Inc. (TPHS)

Role
Chief Accounting Officer
Signature
/s/ Richard Pyontek
Issuer symbol
TPHS
Transactions as of
02 Jan 2025
Net transactions value
-$383
Form type
4
Filing time
03 Jan 2025, 16:15:15 UTC
Previous filing
03 Jan 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 +6,000 +15% 45,055 02 Jan 2025 Direct F1
transaction TPHS Common Stock Tax liability $192 -2,736 -6.1% $0.0700 42,319 02 Jan 2025 Direct
transaction TPHS Common Stock Options Exercise +6,000 +14% 48,319 02 Jan 2025 Direct F1
transaction TPHS Common Stock Tax liability $192 -2,736 -5.7% $0.0700 45,583 02 Jan 2025 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 -6,000 -100% $0.000000 0 02 Jan 2025 Common Stock 12,000 Direct F1, F2
transaction TPHS Restricted Stock Units Options Exercise $0 -6,000 -50% $0.000000 6,000 02 Jan 2025 Common Stock 6,000 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, 2023, the reporting person was granted 12,000 RSUs. 6,000 of the RSUs each vested on January 1, 2024 and 2025. The settlement of the RSUs that vested on January 1, 2025 occurred on January 2, 2025.
F3 On January 2, 2024, the reporting person was granted 12,000 RSUs. 6,000 of the RSUs vested on January 1, 2025 and 6,000 RSUs will vest on January 1, 2026, 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, 2025.