Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WISH | Class A Common Stock | Conversion of derivative security | $0 | +20.7K | +10.68% | $0.00 | 214K | Jan 15, 2022 | Direct | F1 |
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 | -9.56K | -7.14% | $0.00 | 124K | Jan 15, 2022 | Class B Common Stock | 9.56K | $0.00 | Direct | F2, F3 |
transaction | WISH | Class B Common Stock | Options Exercise | $0 | +9.56K | $0.00 | 9.56K | Jan 15, 2022 | Class A Common Stock | 9.56K | Direct | F4, F5 | ||
transaction | WISH | Restricted Stock Unit | Options Exercise | $0 | -5.9K | -5% | $0.00 | 112K | Jan 15, 2022 | Class B Common Stock | 5.9K | $0.00 | Direct | F3, F6 |
transaction | WISH | Class B Common Stock | Options Exercise | $0 | +5.9K | +61.72% | $0.00 | 15.5K | Jan 15, 2022 | Class A Common Stock | 5.9K | Direct | F4, F5 | |
transaction | WISH | Restricted Stock Unit | Options Exercise | $0 | -5.21K | -2.98% | $0.00 | 170K | Jan 15, 2022 | Class B Common Stock | 5.21K | $0.00 | Direct | F3, F7 |
transaction | WISH | Class B Common Stock | Options Exercise | $0 | +5.21K | +33.69% | $0.00 | 20.7K | Jan 15, 2022 | Class A Common Stock | 5.21K | Direct | F4, F5 | |
transaction | WISH | Class B Common Stock | Conversion of derivative security | $0 | -20.7K | -100% | $0.00* | 0 | Jan 15, 2022 | Class A Common Stock | 20.7K | Direct | F1, F4, F5 |
Id | Content |
---|---|
F1 | Represents the conversion of Class B Common Stock, issued upon settlement of vested Restricted Stock Units ("RSUs"), into Class A Common Stock held of record by the Reporting Person. |
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 service, 20% of the RSUs vested on February 5, 2019, and 1/60th of the RSUs vest monthly thereafter for a period of 4 years. |
F3 | This reported transaction represents the settlement of RSUs vested as of January 15, 2022. |
F4 | 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 date 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. |
F5 | 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. |
F6 | Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, the RSUs vest on a monthly basis over a period of 4 years beginning on May 1, 2019, with 10% of the total RSUs vesting over the first year, 20% of the total vesting over the second year, 30% of the total vesting over the third year, and 40% of the total vesting over the fourth year. |
F7 | 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, 1/48th of the RSUs vest on a monthly basis beginning on October 1, 2020 for a period of 4 years. |