Tony Aquila - 04 Nov 2021 Form 4 Insider Report for Canoo Inc. (GOEVQ)

Role
Executive Chairman and CEO, Director
Signature
Tony Aquila, by /s/ Michael Fielkow, Attorney-in-Fact
Issuer symbol
GOEVQ
Transactions as of
04 Nov 2021
Net transactions value
$0
Form type
4
Filing time
08 Nov 2021, 20:00:08 UTC
Previous filing
03 Nov 2021
Next filing
22 Nov 2021
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 GOEV Performance-Based Restricted Stock Units Award $0 +2,000,000 $0.000000 2,000,000 04 Nov 2021 Common Stock 2,000,000 Direct F1, F2
transaction GOEV Performance-Based Restricted Stock Units Award $0 +2,000,000 $0.000000 2,000,000 04 Nov 2021 Common Stock 2,000,000 Direct F1, F3
transaction GOEV Performance-Based Restricted Stock Units Award $0 +2,000,000 $0.000000 2,000,000 04 Nov 2021 Common Stock 2,000,000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. These PSUs vest in one-third increments through a five-year performance period beginning November 4, 2021 when shares of the Issuer's common stock equal or exceed the prices specified in footnotes (2), (3) and (4), as applicable (measured based on the volume weighted average stock price for 20 days in any 30-day period), and in each case subject to continuous service through the later of the end of the applicable service period or the date of achievement of the applicable performance vesting milestone.
F2 These PSUs vest on the date the price of the Issuer's common stock equals or exceeds $18, subject to continuous service through the later of the first anniversary of the grant date and the date such stock price is achieved.
F3 These PSUs vest on the date the price of the Issuer's common stock equals or exceeds $25, subject to continuous service through the the later of second anniversary of the grant date and the date such stock price is achieved.
F4 These PSUs vest on the date the price of the Issuer's common stock equals or exceeds $40, subject to continuous service through the fifth anniversary of the grant date (i.e., the expiration date).