Ajay Nigam - Feb 28, 2022 Form 4 Insider Report for EVERBRIDGE, INC. (EVBG)

Role
Chief Product Officer
Signature
Elliot J. Mark, Attorney-in-Fact
Stock symbol
EVBG
Transactions as of
Feb 28, 2022
Transactions value $
$0
Form type
4
Date filed
3/2/2022, 03:32 PM
Previous filing
Feb 4, 2022
Next filing
May 3, 2022

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 EVBG Restricted Stock Unit Award $0 +15.2K $0.00 15.2K Feb 28, 2022 Common Stock 15.2K $0.00 Direct F1, F2
transaction EVBG Performance-based Restricted Stock Unit Award $0 +15.2K $0.00 15.2K Feb 28, 2022 Common Stock 15.2K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units under the Everbridge, Inc. 2016 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of Everbridge common stock. Subject to accelerated vesting in certain circumstances, the restricted stock units are scheduled to vest 33% on February 28, 2023, and the remaining 67% will vest in equal installments over the next eight calendar quarters, with the first such installment vesting on May 31, 2023, such that all of the RSUs will be vested by February 28, 2025, as long as the reporting person remains in the service of Everbridge through the respective vesting date.
F2 Not applicable.
F3 Represents a grant of performance-based restricted stock units ("PSU") under the Everbridge, Inc. 2016 Equity Incentive Plan. Each PSU represents the contingent right to receive, upon vesting of the unit, one share of Everbridge common stock. Up to seventy-five percent (75%) of the PSUs will become eligible to vest at the end of the fiscal quarter after the second anniversary of the grant date based on the compound annual growth rate ("CAGR") achieved during the eight fiscal quarters preceding the then most recent fiscal quarter, and up to an additional seventy-five percent (75%) of the PSUs will become eligible to vest at the end of the fiscal quarter after the third anniversary of the grant date based on the CAGR achieved during the 12 fiscal quarters preceding the then most recent fiscal quarter.