Jonathan Reich - Sep 7, 2021 Form 4 Insider Report for Zedge, Inc. (ZDGE)

Role: CEO & President
Signature: Joyce J. Mason, by Power of Attorney
Stock symbol: ZDGE
Transactions as of: Sep 7, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/9/2021, 07:18 PM
Next filing: Apr 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ZDGE	Class B. Common Stock, par value $.01 per share						7.43K	Sep 7, 2021	Direct	F1
holding	ZDGE	Class B. Common Stock, par value $.01 per share						18.7K	Sep 7, 2021	By 401(k) Plan	F2

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
transaction	ZDGE	Deferred Stock Units	Award	$0	+58K		$0.00	58K	Sep 7, 2021	Class B Common Stock	58K		Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 2,176 shares due to Mr. Reich's ownership of IDT Class B Common Stock at the time of the spin-off.
F2	As of September 9, 2021.
F3	Represents a grant of 58,000 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.