Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | KIND | Stock Option (Right to Buy) | Options Exercise | $0 | -67K | -29.24% | $0.00 | 162K | Dec 11, 2021 | Class B Common Stock | 67K | $2.41 | Direct | F1 |
transaction | KIND | Class B Common Stock | Options Exercise | $0 | +67K | $0.00 | 67K | Dec 11, 2021 | Class A Common Stock | 67K | Direct | F2, F3 |
Id | Content |
---|---|
F1 | The award vests as to 1/48 of the total award monthly on the 29th, subject to the reporting person's continued service to the Issuer on each vesting date. |
F2 | Each share of the Issuer's Class B Common Stock is convertible into one share of Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers. |
F3 | A holder's shares of the Issuer's Class B Common Stock convert automatically upon certain transfers. Additionally, all of the Issuer's Class B Common Stock will convert automatically into Class A Common Stock on a one-for-one basis upon the earlier of: (i) November 5, 2031; or (ii) the date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding. |