| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | FA | Common Stock | 712K | May 10, 2023 | Direct | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FA | Stock Options (Right to Buy) | Award | $0 | +250K | +66.21% | $0.00 | 629K | May 10, 2023 | Common Stock | 250K | $15.00 | Direct | F3, F4 |
| transaction | FA | Restricted Stock Units | Award | $0 | +19.9K | +99.18% | $0.00 | 40K | May 10, 2023 | Common Stock | 19.9K | Direct | F5, F6, F7 |
| Id | Content |
|---|---|
| F1 | Effective as of May 10, 2023, the Company's Board of Directors approved a modification of the vesting terms of unvested and unearned performance-based awards (the "Modification"), including 253,028 shares of restricted stock that is subject to time- and performance-based vesting conditions, previously reported and included in the above balance. |
| F2 | The Modification adds incremental vesting criteria to such restricted stock, which allows such restricted stock to vest into the following number of shares of common stock, based solely on time, as follows, subject to continued service through such date: 50,605 shares on January 31, 2024, 101,211 shares on January 31, 2025, and 101,212 shares on January 31, 2026, while preserving the eligibility to vest earlier upon a future "Realization Event" (as that term is defined in the relevant award agreement). As a result, 100% of such restricted stock will be vested on January 31, 2026 even if no Realization Event occurs prior to such date. |
| F3 | The reporting person currently owns 250,465 previously unreported stock options, subject to time- and performance-based vesting criteria. The Modification adds incremental vesting criteria to such stock options, which allows the following number of such stock options to vest, based solely on time, as follows, subject to continued service through such date: 50,093 options on January 31, 2024, 100,186 options on January 31, 2025, and 100,186 options on January 31, 2026, while preserving the eligibility to vest earlier upon a future "Realization Event" (as that term is defined in the relevant award agreement). As a result, 100% of such stock options will be vested on January 31, 2026 even if no Realization Event occurs prior to such date. |
| F4 | Includes 378,291 previously reported time-based stock options, with the 125,752 remaining unvested time-based stock options scheduled to vest in equal installments on January 31, 2024 and 2025. |
| F5 | Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock. The RSUs will be settled in either common stock or cash (or a combination thereof). |
| F6 | The reporting person currently owns 19,918 previously unreported RSUs, subject to time- and performance-based vesting criteria. The Modification adds incremental vesting criteria to such RSUs, which allows such RSUs to vest into the following number of shares of common stock, based solely on time, as follows, subject to continued service through such date: 3,983 shares on June 23, 2025, 7,967 shares on June 23, 2026, and 7,968 shares on June 23, 2027, while preserving the eligibility to vest earlier upon a future Realization Event. As a result, 100% of such RSUs will be vested on June 23, 2027 even if no Realization Event occurs prior to such date. |
| F7 | Includes 20,082 previously reported time-based RSUs, with 5,082 remaining unvested time-based RSUs scheduled to vest on June 23, 2023 and 5,000 remaining unvested time-based RSUs scheduled to vest on June 23, 2024, 2025, and 2026. |