Benjamin G. Wolff - May 20, 2022 Form 4 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Signature
/s/ Julie Wolff, Attorney-in-fact on behalf of Benjamin G. Wolff
Stock symbol
STRC
Transactions as of
May 20, 2022
Transactions value $
$0
Form type
4
Date filed
5/23/2022, 08:33 PM
Previous filing
May 12, 2022
Next filing
Jun 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRC Common Stock Award $0 +49.4K $0.00 49.4K May 20, 2022 By Spouse F1
transaction STRC Common Stock Award $0 +122K +2.55% $0.00 4.92M May 20, 2022 Direct F2
transaction STRC Common Stock Award $0 +8.96K +18.12% $0.00 58.4K May 20, 2022 BySpouse F3
transaction STRC Common Stock Tax liability $0 -3.52K -6.04% $0.00 54.9K May 20, 2022 By Spouse F4
holding STRC Common Stock 9.8M May 20, 2022 See footnote F5

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 +78.1K $0.00 78.1K May 20, 2022 Common Stock 78.1K $4.09 By spouse F6
* 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 Represents RSUs granted pursuant to the Plan which can only be settled with shares of common stock. 100% of the award will vest on December 13, 2022, subject to the Reporting Person's continued service to the Issuer through such date.
F3 Represents restricted stock granted pursuant to the Plan. 100% of the award vested on the date of grant.
F4 In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of restricted stock.
F5 Represents shares held by Mare's Leg Capital, LLC ("Mare's Leg"). Mare's Leg is an entity wholly owned by Mr. Wolff and his spouse Julie Wolff.
F6 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.