Peter Hantman - May 13, 2022 Form 4 Insider Report for E2open Parent Holdings, Inc. (ETWO)

Signature
/s/ Jennifer S. Grafton by Power of Attorney
Stock symbol
ETWO
Transactions as of
May 13, 2022
Transactions value $
-$114,346
Form type
4
Date filed
5/24/2022, 02:44 PM
Previous filing
Apr 26, 2022
Next filing
Jun 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETWO Class A Common Stock Options Exercise +24.7K +30.65% 105K May 21, 2022 Direct F1
transaction ETWO Class A Common Stock Tax liability -$114K -14.1K -13.38% $8.12 91.2K May 23, 2022 Direct

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 ETWO Restricted Stock Units Options Exercise -24.7K -25% 74.1K May 21, 2022 Class A Common Stock 24.7K Direct F1
transaction ETWO Restricted Stock Unit Award $0 +84.5K $0.00 84.5K May 21, 2022 Class A Common Stock 84.5K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock units represented a contingent right to receive a share of ETWO common stock upon achieving a fiscal year 2022 organic revenue growth metric. On April 25, 2022, the Compensation Committee determined that 144.7% of the original target had been achieved resulting in the issuance of an above-target number of restricted stock units. On May 21, 2022, the first quarter of the RSUs vested. The remaining 3/4s of the RSUs will vest on May 21, 2023, 2024 and 2025 subject to continued employment with E2open.
F2 Represents an annual award of restricted stock units ("RSUs") to the senior leaders (the "Annual Award") of E2open Parent Holdings, Inc. (the "Issuer"). The Annual Award shall vest ratably on May 21st of each of 2023, 2024 and 2025, so long as the Reporting Owner continues to provide services to the Issuer through such date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration. Shares of the Issuer's Class A Common Stock will be delivered to the Reporting Person following vesting.