Maeve O'Meara - May 16, 2021 Form 4 Insider Report for CASTLIGHT HEALTH, INC. (CSLT)

Role
Chief Executive Officer, Director
Signature
/s/ Mary Ahern, as attorney-in-fact
Stock symbol
CSLT
Transactions as of
May 16, 2021
Transactions value $
-$123,159
Form type
4
Date filed
5/18/2021, 06:55 PM
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSLT Class B Common Stock Options Exercise $0 +12.5K +0.93% $0.00 1.35M May 16, 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +12.5K +0.93% $0.00 1.36M May 16, 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +23.1K +1.69% $0.00 1.39M May 16, 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +43.1K +3.11% $0.00 1.43M May 16, 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +62K +4.34% $0.00 1.49M May 16, 2021 Direct
transaction CSLT Class B Common Stock Options Exercise $0 +33.1K +2.22% $0.00 1.52M May 16, 2021 Direct
transaction CSLT Class B Common Stock Sale -$123K -76.4K -5.02% $1.61 1.45M May 17, 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 -12.5K -25% $0.00 37.5K May 16, 2021 Class B Common Stock 12.5K Direct F3, F4
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -12.5K -20% $0.00 50K May 16, 2021 Class B Common Stock 12.5K Direct F3, F5
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -23.1K -12.5% $0.00 161K May 16, 2021 Class B Common Stock 23.1K Direct F3, F6
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -43.1K -10% $0.00 388K May 16, 2021 Class B Common Stock 43.1K Direct F3, F7
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -62K -8.33% $0.00 682K May 16, 2021 Class B Common Stock 62K Direct F3, F8
transaction CSLT Restricted Stock Units (RSU) Options Exercise $0 -33.1K -6.25% $0.00 497K May 16, 2021 Class B Common Stock 33.1K 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 1/16th of the RSUs vested on February 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.
F5 1/16th of the RSUs vested on August 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 November 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.
F8 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.
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.