Steven Kahn - Jan 2, 2025 Form 4 Insider Report for Trinity Place Holdings Inc. (TPHS)

Role
Chief Financial Officer
Signature
/s/ Richard Pyontek, as Attorney-in-Fact for Steven Kahn
Stock symbol
TPHS
Transactions as of
Jan 2, 2025
Transactions value $
-$1,375
Form type
4
Date filed
1/3/2025, 04:15 PM
Previous filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPHS Common Stock Options Exercise +22.5K +14.96% 173K Jan 2, 2025 Direct F1
transaction TPHS Common Stock Tax liability -$651 -9.3K -5.38% $0.07 164K Jan 2, 2025 Direct
transaction TPHS Common Stock Options Exercise +25K +15.29% 189K Jan 2, 2025 Direct F1
transaction TPHS Common Stock Tax liability -$724 -10.3K -5.48% $0.07 178K Jan 2, 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 -22.5K -100% $0.00 0 Jan 2, 2025 Common Stock 45K Direct F1, F2
transaction TPHS Restricted Stock Units Options Exercise $0 -25K -50% $0.00 25K Jan 2, 2025 Common Stock 25K 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") converts into one share of common stock of Trinity Place Holdings Inc. (the "Issuer").
F2 On January 3, 2023, the reporting person was granted 45,000 RSUs. 22,500 of the RSUs vested on each of 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 50,000 RSUs. 25,000 of the RSUs vested on January 1, 2025 and 25,000 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 25,000 RSUs that had not previously vested will immediately vest. The settlement of the vested RSUs occurred on January 2, 2025.