Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FRSH | Class A Common Stock | Award | $0 | +15.3K | +1469.03% | $0.00 | 16.4K | Jul 1, 2022 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FRSH | Restricted Stock Units | Options Exercise | $0 | -9.37K | -2.56% | $0.00 | 356K | Jul 1, 2022 | Class B Common Stock | 9.37K | Direct | F3, F4 | |
transaction | FRSH | Class B Common Stock | Options Exercise | $0 | +9.37K | +44.42% | $0.00 | 30.5K | Jul 1, 2022 | Class A Common Stock | 9.37K | Direct | F5 |
Id | Content |
---|---|
F1 | With respect to 846 shares, represents the grant of fully-vested restricted stock that the Reporting Person elected to receive in lieu of cash compensation under the Issuer's Non-Employee Director Compensation Policy. Grant reflects director compensation for the second quarter of 2022. The number of shares received in lieu of cash was calculated based on the closing price of a share of Class A Common Stock on June 30, 2022. |
F2 | With respect to 14,476 shares, represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award under the Issuer's Non-Employee Director Compensation Policy. Each of these RSUs represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The number of RSUs granted was calculated based on the closing price of a share of Class A Common Stock on July 1, 2022. 100% of the RSUs will vest on the earlier of (i) July 1, 2023 and (ii) the Issuer's 2023 annual meeting of stockholders, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) as a director through the applicable vesting date. |
F3 | Each Restricted Stock Unit represents a contingent right to receive one share of Class B Common Stock. |
F4 | The shares of Class B Common Stock are to be acquired upon the vesting of a Restricted Stock Unit (RSU) award granted to the Reporting Person. The RSU shall vest as follows: 1/48th of the shares subject to the RSU will vest in equal monthly installments over 48 months following September 1, 2021, subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2011 Stock Plan) and the occurrence of either (1) an IPO or (2) a Sale Event (each as defined in the Issuer's 2011 Stock Plan), in each case, within 10 years following the grant date. |
F5 | Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock will also be convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and has no expiration date. |