Bryan E. Roberts - 10 Jun 2021 Form 4 Insider Report for CASTLIGHT HEALTH, INC.

Role: Director, 10%+ Owner
Signature: /s/ Bryan E. Roberts
Issuer symbol: N/A
Transactions as of: 10 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 14 Jun 2021, 16:55:48 UTC
Next filing: 15 Jun 2021
SEC: View on sec.gov

Key filing fact

Bryan E. Roberts filed Form 4 for CASTLIGHT HEALTH, INC. on 14 Jun 2021.

Key facts

This page summarizes Bryan E. Roberts's Form 4 filing for CASTLIGHT HEALTH, INC..
1 reported transaction and 0 derivative rows are listed below.
Filing timestamp: 14 Jun 2021, 16:55.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

CSLT transaction

Class B Common Stock

Award

Transaction value: $0
Shares: +70,707
Change %: +21%
Price: $0.000000
Shares after: 405,184
Date: 10 Jun 2021
Ownership: Direct
Footnotes: F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an award of restricted stock units ("RSUs"). 25% of the RSUs will vest on August 16, 2021, and the remaining 75% of the RSUs will vest in 3 equal quarterly installments thereafter beginning on November 16, 2021. Each RSU represents a contingent right to receive one share of the Issuer's Class B common stock upon settlement for no consideration.
F2	The reporting person is a member of VR Management, LLC (the "Management Company"). Under an agreement between the reporting person and the Management Company, the reporting person is deemed to hold the reported shares for the sole benefit of the Management Company and must exercise the reported shares solely upon the direction of the Management Company, which is entitled to the shares. The Management Company may be deemed the indirect beneficial owner of the reported shares, and the reporting person may be deemed the indirect beneficial owner of the reported shares through his interest in the Management Company. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.

Content

Represents an award of restricted stock units ("RSUs"). 25% of the RSUs will vest on August 16, 2021, and the remaining 75% of the RSUs will vest in 3 equal quarterly installments thereafter beginning on November 16, 2021. Each RSU represents a contingent right to receive one share of the Issuer's Class B common stock upon settlement for no consideration.

The reporting person is a member of VR Management, LLC (the "Management Company"). Under an agreement between the reporting person and the Management Company, the reporting person is deemed to hold the reported shares for the sole benefit of the Management Company and must exercise the reported shares solely upon the direction of the Management Company, which is entitled to the shares. The Management Company may be deemed the indirect beneficial owner of the reported shares, and the reporting person may be deemed the indirect beneficial owner of the reported shares through his interest in the Management Company. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.