Tiffany N. Meriweather - Oct 15, 2021 Form 4 Insider Report for ENJOY TECHNOLOGY OPERATING CORP. /DE (ENJY)

Role
Chief Legal Officer
Signature
Tiffany N. Meriweather, by /s/ Ron A. Metzger, Attorney-in-Fact
Stock symbol
ENJY
Transactions as of
Oct 15, 2021
Transactions value $
$0
Form type
4
Date filed
10/19/2021, 08:27 PM
Next filing
Dec 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENJY Common Stock Award $0 +185K $0.00 185K Oct 15, 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 ENJY Stock Option (Right to Buy) Award +345K 345K Oct 15, 2021 Common Stock 345K $10.02 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received pursuant to the Agreement and Plan of Merger, dated as of April 28, 2021, as amended on July 23, 2021 and September 13, 2021, by and among Marquee Raine Acquisition Corp. ("MRAC"), MRAC Merger Sub Corp., a direct, wholly owned subsidiary of MRAC ("Merger Sub") and Enjoy Technology Operating Corp. ("Legacy Enjoy"), pursuant to which Merger Sub merged with and into Legacy Enjoy, with Legacy Enjoy surviving as a wholly owned subsidiary of MRAC, which subsequently changed its name to Enjoy Technology, Inc. (the "Issuer"), (the "Merger Agreement"). The transactions contemplated by the Merger Agreement are referred to herein as the "Business Combination."
F2 Shares are time-based and performance based restricted stock units received for no consideration. The performance based vesting conditions were satisfied as a result of the closing of the Business Combination ("Closing"). Twenty-five percent of the restricted stock units shall be issuable on the first anniversary of the vesting commencement date, April 26, 2022, with the remaining seventy-five percent vesting over the following three years in equal quarterly installments.
F3 Twenty-five percent of the shares subject to the stock option becomes fully vested on April 26, 2022, and the remaining balance will vest in equal monthly installments and will be fully vested and exercisable on April 26, 2025, the fourth anniversary of the vesting commencement date.
F4 Received in exchange for an option to purchase 1,000,000 shares of common stock of Legacy Enjoy.