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

Role
Director
Signature
Gideon Yu, 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, 08:36 PM
Previous filing
May 28, 2021
Next filing
Dec 27, 2021

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 +138K 138K Oct 15, 2021 Common Stock 138K $1.05 Direct F1, F2, F3
* 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")).
F2 This stock option is subject to the following vesting schedule: (i) 132,079 shares subject to the stock option are fully vested and exercisable as of October 15, 2021; and the remaining balance will vest in equal monthly installments and will be fully vested and exercisable on November 17, 2021, the fourth anniversary of the vesting commencement date.
F3 Received in exchange for an option to purchase 400,000 shares of common stock of Legacy Enjoy.