Matthew Vogt - Nov 3, 2023 Form 3 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Signature
/s/ Stephen Sonne, attorney-in-fact on behalf of Matthew Vogt
Stock symbol
STRC
Transactions as of
Nov 3, 2023
Transactions value $
$0
Form type
3
Date filed
11/8/2023, 05:35 PM
Next filing
Nov 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STRC Common Stock 14.2K Nov 3, 2023 Direct F1

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
holding STRC Stock Option (right to buy) Nov 3, 2023 Common Stock 17.1K $52.74 Direct F2
holding STRC Stock Option (right to buy) Nov 3, 2023 Common Stock 4.26K $24.54 Direct F3
holding STRC Stock Option (right to buy) Nov 3, 2023 Common Stock 18.1K $2.82 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (1) 498 shares of common stock of the Issuer; (2) 1,854 restricted stock units ("RSUs") outstanding of the 2,696 RSUs granted pursuant to the 2021 Equity Incentive Plan (the "Plan") which can only be settled with shares of common stock, and 25% of the initial award vested on May 20, 2023, and thereafter 1/12 of the remaining portion of the award vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date; and (3) 11,810 RSUs, and 25% of the award will vest on March 29, 2024, and thereafter 1/12 of the remaining portion of the award vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
F2 25% of the shares subject to the option vested on June 1, 2022 and thereafter 1/48 of the shares subject to the option shall vest on each monthly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
F3 25% of the shares subject to the option vested on May 20, 2023, and thereafter 1/12 of the shares subject to the option shall vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
F4 25% of the shares subject to the option will vest on March 29, 2024, and thereafter 1/12 of the shares subject to the option shall vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.