Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WISH | Restricted Stock Unit | Options Exercise | $0 | -27.8K | -25% | $0.00 | 83.3K | Oct 15, 2021 | Class B Common Stock | 27.8K | $0.00 | Direct | F1, F2 |
transaction | WISH | Class B Common Stock | Options Exercise | $0 | +27.8K | $0.00 | 27.8K | Oct 15, 2021 | Class A Common Stock | 27.8K | Direct | F1, F3, F4 |
Id | Content |
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F1 | This reported transaction represents the settlement of RSUs vested as of October 15, 2021. |
F2 | Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued employment, 25% of the RSUs will vest annually beginning on October 14, 2021. |
F3 | All shares of Class B Common Stock will automatically convert, on a one-for-one basis, into shares of Class A Common Stock on the earliest of (i) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (ii) the 7-year anniversary of the closing sale of the issuer's initial public offering, (iii) the date on which the number of outstanding shares of Class B Common Stock represents less than 5% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock, (iv) the date specified by a vote of the holders of a majority of the then outstanding shares of Class B Common Stock, or (v) a date that is between 90 and 270 days, as determined by the board of directors, after the death or permanent incapacity of the issuer's founder, CEO, and Chairperson. |
F4 | Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except certain permitted transfers. |