DAVID WAGNER - 27 Jul 2022 Form 4 Insider Report for EVERBRIDGE, INC.

Role
Chief Executive Officer, Director
Signature
Elliot J. Mark, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
27 Jul 2022
Net transactions value
$0
Form type
4
Filing time
29 Jul 2022, 16:50:39 UTC
Previous filing
29 Jul 2022
Next filing
03 Jan 2023
SEC
View on sec.gov

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 EVBG Restricted Stock Unit Award $0 +200,000 $0.000000 200,000 27 Jul 2022 Common Stock 200,000 $0.000000 Direct F1, F2
transaction EVBG Performance Stock Unit Award $0 +200,000 $0.000000 200,000 27 Jul 2022 Common Stock 200,000 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units under the Everbridge, Inc. 2016 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of Everbridge common stock. The restricted stock units are scheduled to vest as to 25% on December 31, 2022 and the remaining 75% of the RSUs will vest in equal installments over twelve calendar quarters, with the first such installment vesting on October 31, 2023, such that all of the RSUs will be vested by July 31, 2026, as long as the reporting person remains in the service of Everbridge through the respective vesting date. The RSUs vesting on December 31, 2022 are subject to a one-year sale restriction, subject to certain exceptions described in the reporting person's employment agreement with Everbridge.
F2 Not applicable
F3 Represents a grant of performance-based restricted stock units ("PSU") under the Everbridge, Inc. 2016 Equity Incentive Plan. Each PSU represents the contingent right to receive, upon vesting of the unit, one share of Everbridge common stock. Upon the filing of Everbridge's Form 10-Q for the quarter ended June 30, 2024, up to 75% of the PSUs will become eligible to vest based on the compound annual growth rate (CAGR) achieved during the eight fiscal quarters ending December 31, 2023. Upon the filing of Everbridge's Form 10-Q for the quarter ended June 30, 2025, up to an additional 75% of the PSUs will become eligible to vest based on the CAGR achieved during the twelve fiscal quarters ending December 31, 2024.