Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | STRO | Stock Option (right to buy Common Stock) | Award | $0 | +175K | $0.00 | 175K | Mar 15, 2023 | Common Stock | 175K | $5.40 | Direct | F1 | |
transaction | STRO | Restricted Stock Unit (RSU) | Award | $0 | +150K | $0.00 | 150K | Mar 15, 2023 | Common Stock | 150K | Direct | F2, F3 |
Id | Content |
---|---|
F1 | The option vests as to 1/4th of the total shares on February 28, 2024 and then 1/48th of the total shares vest monthly thereafter, with 100% of the total shares vested and exercisable on February 28, 2027, subject to the reporting person's provision of service to the issuer on each vesting date. |
F2 | Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement. |
F3 | The RSUs vest as to 1/4th of the total shares annually beginning on February 28, 2024, subject to continued service through each vesting date. |