Alexander Lurie - Mar 13, 2022 Form 4 Insider Report for MOMENTIVE GLOBAL INC. (MNTV)

Signature
Lanson Wan, by power of attorney
Stock symbol
MNTV
Transactions as of
Mar 13, 2022
Transactions value $
$0
Form type
4
Date filed
3/15/2022, 07:08 PM
Previous filing
Feb 18, 2022
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNTV Common Stock Award $0 +239K +25.71% $0.00 1.17M Mar 13, 2022 Direct F1, F2
transaction MNTV Common Stock Award $0 +361K +30.98% $0.00 1.53M Mar 13, 2022 Direct F2, F3, F4
holding MNTV Common Stock 39.3K Mar 13, 2022 Trust F5
holding MNTV Common Stock 39.3K Mar 13, 2022 Trust F6
holding MNTV Common Stock 26.2K Mar 13, 2022 Trust F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of Restricted Stock Awards ("RSAs") 1/12th of the total number of RSAs will vest on 05/15/2022 and 1/12th of the total number of RSAs will vest quarterly thereafter for the remaining 11 quarters, subject to the Reporting Person's continued employment or service to the Company until fully vested.
F2 Certain of these securities are restricted stock units and restricted stock awards. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock, subject to the applicable vesting schedule and conditions. Each restricted stock award is subject to the applicable vesting schedule and conditions.
F3 Grant of Performance Restricted Stock Award ("PSA"). 361,408 shares are the maximum number of shares of restricted stock subject to the PSA that may become eligible for vesting. The target number of shares eligible for vesting is 180,704, one-half of the maximum number.
F4 The number of shares eligible for vesting under the PSA will depend upon (i) the Issuer's total stockholder return ("TSR") as compared to a specified index (the "Index") over a 3-year performance period ending 12/31/2024 (the "Total Performance Period"); (ii) the Issuer's TSR as compared to the Index during the 1st year of the Total Performance Period ending 12/31/2022; and (iii) the Issuer's TSR as compared to the Index during the 2nd year of the Total Performance Period ending 12/31/2023. Vesting in each of the 1st or 2nd years of the Total Performance Period is capped at 1/3 of the target number of shares. Shares may also vest in the event of a liquidity event in accordance with the PSA agreement. In the event the Reporting Person ceases to be a service provider, or if vesting conditions are not met, the unvested shares subject to the PSA will be canceled by the Issuer.
F5 The shares are held by the Jason and Jennifer Lurie Family 2018 Irrevocable Trust dated May 31, 2018, of which the Reporting Person's spouse is the trustee.
F6 The shares are held by the Eliza and Larry Becker Family 2018 Irrevocable Trust dated May 31, 2018, of which the Reporting Person's spouse is the trustee.
F7 The shares are held by the Scott and Caitlin Vogelsong Family 2018 Irrevocable Trust dated May 31, 2018, of which the Reporting Person's spouse is the trustee.