Benjamin G. Wolff - Mar 31, 2023 Form 4 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Role
Director
Signature
/s/ Stephen Sonne, Attorney-in-fact on behalf of Benjamin G. Wolff
Stock symbol
STRC
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 06:07 PM
Previous filing
Feb 3, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRC Common Stock Disposed to Issuer $0 -49.4K -90.1% $0.00 5.43K Mar 31, 2023 By spouse F1
transaction STRC Common Stock Award $0 +195K +5.64% $0.00 3.65M Jun 14, 2022 Direct F2
holding STRC Common Stock 9.8M Mar 31, 2023 See footnote F3

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 STRC Stock Option (right to buy) Disposed to Issuer $0 -70.5K -25% $0.00 212K Mar 31, 2023 Common Stock 70.5K $1.24 By spouse F4
transaction STRC Stock Option (right to buy) Disposed to Issuer $0 -78.1K -100% $0.00* 0 Mar 31, 2023 Common Stock 78.1K $4.09 By spouse F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective March 31, 2023, the spouse of the Reporting Person ceased her employment with the Issuer. In connection with her departure, the spouse of the Reporting Person forfeited 49,425 restricted share units ("RSUs") that had previously been reported in Table 1. These forfeited RSUs have been deducted from the amount of shares beneficially owned by the spouse of the Reporting Person in column 5.
F2 Includes 195,059 RSUs, each RSU representing the right to receive one share of common stock of the Issuer. The RSUs will vest on the earlier of (i) the first anniversary of the date the award is granted or (ii) the day prior to the date of the next annual meeting of the Issuer's stockholders following the date the award was granted, in each case, subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date.
F3 Represents shares held by Mare's Leg Capital, LLC ("Mare's Leg"). Mare's Leg is an entity wholly owned by Mr. Wolff and his spouse Julie Wolff.
F4 Effective March 31, 2023, the spouse of the Reporting Person ceased her employment with the Issuer. In connection with her departure, the spouse of the Reporting Person forfeited 70,527 stock options (the "Options") that had previously been reported in Table II. These forfeited Options have been deducted from the amount of shares beneficially owned by the spouse of the Reporting Person in column 9.
F5 Effective March 31, 2023, the spouse of the Reporting Person ceased her employment with the Issuer. In connection with her departure, the spouse of the Reporting Person forfeited 78,128 Options that had previously been reported in Table II. These forfeited Options have been deducted from the amount of shares beneficially owned by the spouse of the Reporting Person in column 9.