Key facts
- This page summarizes Michael C. Jonas's Form 4 filing for Zedge, Inc. (ZDGE).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 09 Sep 2021, 19:16.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
No transaction description listed
No transaction description listed
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Additional SEC filing notes
Footnote F1
Includes 941 unvested restricted shares that vest as follows: 470 on November 7, 2021 and 471 on November 7, 2022; and 92,593 unvested restricted shares that vest as follows: 30,865 on February 7, 2022 and 30,864 on each of February 7, 2023 and February 7, 2024.
Footnote F2
Represents a grant of 29,000 deferred stock units ("DSUs"). Each DSU has the right to receive one share of the Issuer's Class B common stock. Vesting of 30% of the DSUs will be time-based as follows: 25% on September 7, 2022, 33% on September 7, 2023, and 42% on September 7, 2024. Vesting of the remaining 70% of the DSUs will be on the following dates in the following amounts only if the aggregate market capitalization of the Issuer's equity securities has reached or exceeded $451 million for five consecutive trading days between the grant date and the vest date: 25% on September 7, 2022, up to 58% (the prior 25% and an additional 33%) on September 7, 2023, and up to 100% on September 7, 2024. In the event the market capitalization condition has not been met prior to a vesting date, but is met by a subsequent vesting date, all DSUs eligible for vesting prior to that date shall vest.