Kiva A. Allgood - May 20, 2022 Form 4 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Role
President & CEO, Director
Signature
/s/ Julie Wolff, attorney-in-fact on behalf of Kiva A. Allgood
Stock symbol
STRC
Transactions as of
May 20, 2022
Transactions value $
$0
Form type
4
Date filed
5/23/2022, 08:21 PM
Previous filing
May 10, 2022
Next filing
Aug 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRC Common Stock Award $0 +220K +53.62% $0.00 630K May 20, 2022 Direct F1

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 STRC Stock Option (right to buy) Award $0 +348K $0.00 348K May 20, 2022 Common Stock 348K $4.09 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted pursuant to the 2021 Equity Incentive Plan (the "Plan") which can only be settled with shares of common stock. 25% of the award will vest on May 20, 2023, and then 1/12 of the award vest on each Quarterly Vesting Date thereafter, subject to the Reporting Person's continued service to the Issuer through such date.
F2 25% of the shares subject to the Option will vest on May 20, 2023, and then 1/12 of the shares subject to the Option vest on each Quarterly Vesting Date thereafter, subject to the Reporting Person's continued service to the Issuer through such date.