Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | SG | Common Stock | 5K | Nov 17, 2021 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | SG | Stock Option (Right to Buy) | Nov 17, 2021 | Common Stock | 50K | $10.76 | Direct | F1, F3 |
Id | Content |
---|---|
F1 | Each share of Common Stock shall be reclassified into one share of Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock. |
F2 | Represents restricted stock units that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement will be met upon the consummation of the IPO. The time based vesting requirement was satisfied with respect to 25% of the shares on November 15, 2021 and will be satisfied with respect to an additional 25% of the shares on each of February 15, 2022, May 15, 2022 and August 15, 2022, subject to the reporting person's continuous service through each applicable vesting date. |
F3 | The shares subject to the option vest monthly over 24 months measured from May 7, 2021, subject to the reporting person's continuous service through each applicable vesting date. |