Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ZIP | Class A Common Stock | Options Exercise | $0 | +3K | +3.9% | $0.00 | 79.9K | Mar 15, 2022 | Direct | |
transaction | ZIP | Class A Common Stock | Tax liability | -$29.7K | -1.57K | -1.93% | $18.92 | 79.9K | Mar 15, 2022 | Direct | F1 |
holding | ZIP | Class A Common Stock | 77.7K | Dec 31, 2022 | See footnote | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ZIP | Restricted Stock Units | Award | $0 | +3K | $0.00* | 0 | Feb 18, 2022 | Class A Common Stock | 3K | $0.00 | Direct | F3, F4, F5 | |
transaction | ZIP | Restricted Stock Units | Options Exercise | $0 | -3K | -100% | $0.00* | 0 | Mar 15, 2022 | Class A Common Stock | 3K | $0.00 | Direct | F3, F4, F5 |
transaction | ZIP | Restricted Stock Units | Award | $0 | +100K | $0.00 | 62.5K | Aug 24, 2021 | Class A Common Stock | 100K | $0.00 | Direct | F3, F5, F6 |
Id | Content |
---|---|
F1 | Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units ("RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported in this form for any reason other than to cover required taxes. |
F2 | These securities are held by the Sakamoto Living Trust dated 1/5/15, of which the Reporting Person is trustee and beneficiary. |
F3 | Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of settlement for no consideration. |
F4 | The RSUs were fully vested on February 18, 2022. Shares of Class A Common Stock were issued to the Reporting Person upon settlement of the RSUs on March 15, 2022. |
F5 | RSUs do not expire; they either vest or are canceled prior to the vesting date. |
F6 | The RSUs vest as to 1/16 of the total shares quarterly beginning on September 15, 2021 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date. |