M.P. Eric Chan - 16 May 2021 Form 4 Insider Report for CASTLIGHT HEALTH, INC.

Role
Chief Accounting Officer
Signature
/s/ Mary Ahern, as attorney-in-fact
Issuer symbol
N/A
Transactions as of
16 May 2021
Net transactions value
-$15,944
Form type
4
Filing time
18 May 2021, 18:52:46 UTC
Next filing
17 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSLT Class B Common Stock Options Exercise $0 +4,688 +5.5% $0.000000 89,164 16 May 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +1,563 +1.8% $0.000000 90,727 16 May 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +1,875 +2.1% $0.000000 92,602 16 May 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +6,250 +6.7% $0.000000 98,852 16 May 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +4,958 +5% $0.000000 103,810 16 May 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +6,250 +6% $0.000000 110,060 16 May 2021 Direct
transaction CSLT Class B Common Stock Sale $15,944 -9,885 -9% $1.61 100,175 17 May 2021 Direct F1, F2

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 CSLT Restricted Stock Units (RSU) Options Exercise $0 -4,688 -33% $0.000000 9,375 16 May 2021 Class B Common Stock 4,688 Direct F3, F4
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -1,563 -25% $0.000000 4,681 16 May 2021 Class B Common Stock 1,563 Direct F3, F5
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -1,875 -12% $0.000000 13,125 16 May 2021 Class B Common Stock 1,875 Direct F3, F6
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -6,250 -8.3% $0.000000 68,750 16 May 2021 Class B Common Stock 6,250 Direct F3, F7
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -4,958 -100% $0.000000* 0 16 May 2021 Class B Common Stock 4,958 Direct F3, F8
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -6,250 -6.2% $0.000000 93,750 16 May 2021 Class B Common Stock 6,250 Direct F3, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the aggregate number of shares sold by the Reporting Person to cover taxes and fees due upon the release and settlement of the RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
F2 Represents the weighted average sales price per share. The shares sold at prices ranging from $1.54 to $1.74 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F3 Each RSU represents a contingent right to receive one (1) share of the Class B Common Stock upon settlement for no consideration.
F4 1/4th of the RSUs vested on November 16, 2018, and the remainder will vest 1/16th quarterly over three years in equal installments, subject to the continuing service of the Reporting Person on each vesting date.
F5 1/16th of the RSUs vested on May 16, 2018, and the remainder will vest 1/16th quarterly in equal installments, subject to the continuing service of the Reporting Person on each vesting date.
F6 1/16th of the RSUs vested on May 16, 2019, and the remainder will vest 1/16th quarterly in equal installments, subject to the continuing service of the Reporting Person on each vesting date.
F7 1/16th of the RSUs vested on May 16, 2020, and the remainder will vest 1/16th quarterly in equal installments, subject to the continuing service of the Reporting Person on each vesting date.
F8 1/4th of the RSUs will vest on each of August 16, 2020, November 16, 2020, February 16, 2021 and May 16, 2021, subject to the continuing service of the Reporting Person on each vesting date.
F9 1/16th of the RSUs vested on May 16, 2021, and the remainder will vest 1/16th quarterly in equal installments, subject to the continuing service of the Reporting Person on each vesting date.