Judith K. Verhave - Jun 10, 2021 Form 4 Insider Report for CASTLIGHT HEALTH, INC. (CSLT)

Role
Director
Signature
/s/ Mary Ahern, as attorney-in-fact
Stock symbol
CSLT
Transactions as of
Jun 10, 2021
Transactions value $
$0
Form type
4
Date filed
6/14/2021, 08:43 PM
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSLT Class B Common Stock Award $0 +70.7K +25.18% $0.00 352K Jun 10, 2021 Direct 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 Consists of (a) 280,809 shares of the Issuer's Class B common stock held by the Reporting Person and (b) 70,707 shares of Class B common stock underlying the RSUs that will vest as noted in footnote (1).