Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | POSH | Restricted Stock Units | Options Exercise | $0 | -6.11K | -12.5% | $0.00 | 42.8K | Jul 1, 2022 | Class B Common Stock | 6.11K | Direct | F1, F2 | |
transaction | POSH | Class B Common Stock | Options Exercise | $0 | +6.11K | +0.11% | $0.00 | 5.43M | Jul 1, 2022 | Class A Common Stock | 6.11K | Direct | F3 |
Id | Content |
---|---|
F1 | Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock. |
F2 | The RSUs are subject to time- and performance-based vesting. The units shall satisfy the time-based vesting as to 25% of the units on April 1, 2021 and as to the remainder in 12 quarterly installments thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The performance-based vesting condition was satisfied upon the Issuer's initial public offering (as defined in the Issuer's 2011 Stock Option and Grant Plan). |
F3 | Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. |