Tony Aquila - 14 May 2021 Form 4 Insider Report for Canoo Inc. (GOEVQ)

Role
Executive Chairman, Director
Signature
Tony Aquila, by /s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
GOEVQ
Transactions as of
14 May 2021
Net transactions value
$0
Form type
4
Filing time
18 May 2021, 19:40:42 UTC
Next filing
21 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GOEV Common Stock Award $0 +500,000 +48% $0.000000 1,538,828 14 May 2021 Direct F1, F2
holding GOEV Common Stock 12,359,387 14 May 2021 By LLC F3

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 GOEV Performance-Based Restricted Stock Units Award $0 +400,000 $0.000000 400,000 14 May 2021 Common Stock 400,000 Direct F4
transaction GOEV Performance-Based Restricted Stock Units Award $0 +1,308,828 $0.000000 1,303,828 14 May 2021 Common Stock 1,303,828 Direct F5
transaction GOEV Option (Right to Buy) Other $0 +1 $0.000000 1 18 May 2021 Common Stock 2,400,000 $5.83 By LLC F6, F7
transaction GOEV Option (Right to Buy) Other $0 +1 $0.000000 1 18 May 2021 Common Stock 1,200,000 $5.83 By LLC F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 500,000 Restricted Stock Units that vest in one-third increments on each anniversary of the grant date through May 14, 2024, subject to continuous service.
F2 Includes the 500,000 Restricted Stock Units reported in footnote (1) above and 1,003,828 shares subject to Restricted Stock Units that vest through October 19, 2023.
F3 Shares are held directly by AFV Partners SPV-4 LLC ("AFV 4"). Reporting Person is the Chairman and CEO of AFV Partners LLC which exercises ultimate voting and investment power with respect to the shares held by AFV 4. The Reporting Person disclaims beneficial ownership of the shares held by AFV 4 except to the extent of his pecuniary interest therein.
F4 Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock. These PSUs vest in increments through a three-year performance period beginning May 14, 2021 when shares of the Issuer's common stock equal or exceed certain specific prices, and in each case subject to continuous service through the end of the applicable performance year.
F5 Each PSU represents a contingent right to receive one share of the Company's common stock. These PSUs vest on the date the price of the Issuer's common stock equals or exceeds $20, subject to continuous service through the third anniversary of the grant date.
F6 Represents an option to buy shares issued by DD Global Holdings Limited to AFV Partners LLC.
F7 Shares are held directly by AFV Partners LLC. Reporting Person is the Chairman and CEO of AFV Partners LLC. The Reporting Person disclaims beneficial ownership of the shares held by AFV Partners LLC except to the extent of his pecuniary interest therein.
F8 Represents an option to buy shares issued by Remarkable Views Consultants Ltd. to AFV Partners LLC.