Steven L. Scheinthal - Sep 7, 2021 Form 4 Insider Report for Waitr Holdings Inc. (ASAP)

Role
Director
Signature
/s/ Annette Finch, Attorney-in-Fact
Stock symbol
ASAP
Transactions as of
Sep 7, 2021
Transactions value $
-$232,500
Form type
4
Date filed
9/8/2021, 04:23 PM
Previous filing
Jun 16, 2021
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASAP Common Stock Sale -$179K -150K -35.65% $1.19* 271K Sep 7, 2021 Direct F1, F2
transaction ASAP Common Stock Sale -$54K -50K -18.47% $1.08* 221K Sep 8, 2021 Direct F1, 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
holding ASAP Restricted Stock Units 120K Sep 7, 2021 Common Stock 120K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were sold to cover the Reporting Person's tax liability in connection with the prior vesting of restricted stock units ("RSUs") granted in a prior year.
F2 These shares represent multiple transactions at prices ranging from $1.17 to $1.20, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 These shares represent multiple transactions at prices ranging from $1.06 to $1.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 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).
F5 Such RSUs were granted on June 15, 2021 and fully vest on the earlier of (i) the one year anniversary of the grant date, (ii) the date of the 2022 Annual Meeting of Stockholders of the Issuer and (iii) a Change in Control (as defined in the Waitr Holdings Inc. Amended and Restated 2018 Omnibus Incentive Plan), subject to, in each case, the Reporting Person's continued service on the Issuer's board of directors on the vesting date.