Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CSLT | Class B Common Stock | Conversion of derivative security | +261K | +78.02% | 595K | Jul 12, 2021 | By family trust | F1, F2, F3, F4 | ||
holding | CSLT | Class B Common Stock | 70.7K | Jul 12, 2021 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CSLT | Director Stock Option (right to buy) | Options Exercise | $0 | -261K | -100% | $0.00* | 0 | Jul 12, 2021 | Class A Common Stock | 261K | $0.84 | Direct | F1, F2, F5 |
transaction | CSLT | Class A Common Stock | Options Exercise | $0 | +261K | +913.42% | $0.00 | 290K | Jul 12, 2021 | Class B Common Stock | 261K | Direct | F1, F2 | |
transaction | CSLT | Class A Common Stock | Conversion of derivative security | $0 | -261K | -90.13% | $0.00 | 28.6K | Jul 12, 2021 | Class B Common Stock | 261K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each share of issuer's Class A Common Stock is convertible at any time at the option of the holder into one (1) share of Class B Common Stock. In addition, each share of Class A Common Stock will convert automatically into one (1) share of Class B Common Stock upon the transfer, whether or not for value, to any transferee who is not a "Permitted Transferee", as defined in the issuer's Restated Certificate of Incorporation in effect as of the date hereof. The shares of Class A Common Stock have no expiration date. |
F2 | Each share of the issuer's Class A Common Stock will convert automatically into one (1) share of Class B Common Stock upon the earliest to occur of the following: (a) the first date on which the number of shares of Class A Common Stock then outstanding is less than 15,340,384 shares, (b) March 19, 2024, or (c) a time and date approved in writing by holders of at least a majority of the then-outstanding shares of Class A Common Stock. |
F3 | 334,477 shares previously reported as held directly by the Reporting Person are held by the family trust and are reflected as such in this Form 4. |
F4 | The shares are held by The Ebersman Family Trust UTA dated 5/29/2002 of which the Reporting Person and his wife are co-trustees. |
F5 | The stock option has fully vested and is immediately exercisable. |