Leo Bogdanov - May 22, 2021 Form 4 Insider Report for Waitr Holdings Inc. (ASAP)

Role
Chief Financial Officer, CAO
Signature
/s/ Annette L. Finch, Attorney-in-Fact
Stock symbol
ASAP
Transactions as of
May 22, 2021
Transactions value $
-$28,515
Form type
4
Date filed
5/24/2021, 07:48 PM
Next filing
Aug 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASAP Common Stock Options Exercise +40.6K +76.98% 93.3K May 22, 2021 Direct F1
transaction ASAP Common Stock Tax liability -$28.5K -14K -15.05% $2.03* 79.3K May 22, 2021 Direct

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 ASAP Restricted Stock Units Options Exercise $0 -40.6K -33.33% $0.00 81.2K May 22, 2021 Common Stock 40.6K Direct F2, F3
holding ASAP Restricted Stock Units 85.5K May 22, 2021 Common Stock 85.5K Direct F2, F4
holding ASAP Restricted Stock Units 85K May 22, 2021 Common Stock 85K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One share of common stock was issued upon the vesting of each restricted stock unit ("RSU").
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock or an equivalent amount in cash (or partly in cash and partly in shares).
F3 Such RSUs vest as follows: 40,598 vest on May 22, 2022 and 40,598 vest on May 22, 2023, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date, with immediate acceleration upon a change in control (as defined in the Issuer's 2018 Omnibus Incentive Plan).
F4 Such RSUs vest as follows: 42,735 vest on August 29, 2021 and 42,736 vest on August 29, 2022, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date, with immediate acceleration upon a change in control (as defined in the Issuer's 2018 Omnibus Incentive Plan).
F5 One-third (1/3) of such RSUs vest on each of the first three anniversaries of April 23, 2021, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date, with immediate acceleration upon a change in control (as defined in the Issuer's 2018 Omnibus Incentive Plan).