Maeve O'Meara - Oct 8, 2021 Form 4 Insider Report for CASTLIGHT HEALTH, INC. (CSLT)

Role
Chief Executive Officer, Director
Signature
/s/ Mary Ahern, as attorney-in-fact
Stock symbol
CSLT
Transactions as of
Oct 8, 2021
Transactions value $
$0
Form type
4
Date filed
10/8/2021, 07:12 PM
Previous filing
Aug 17, 2021
Next filing
Nov 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSLT Class B Common Stock Conversion of derivative security +5K +0.33% 1.54M Oct 8, 2021 Direct F1, 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 CSLT Employee Stock Option (right to buy) Options Exercise $0 -5K -100% $0.00* 0 Oct 8, 2021 Class A Common Stock 5K $0.85 Direct F1, F2, F3
transaction CSLT Class A Common Stock Options Exercise $0 +5K $0.00 5K Oct 8, 2021 Class B Common Stock 5K Direct F1, F2
transaction CSLT Class A Common Stock Conversion of derivative security $0 -5K -100% $0.00* 0 Oct 8, 2021 Class B Common Stock 5K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 The stock option has fully vested and is immediately exercisable.