Douglas Croxall - Sep 29, 2021 Form 4 Insider Report for Crown Electrokinetics Corp. (CRKN)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Douglas B. Croxall
Stock symbol: CRKN
Transactions as of: Sep 29, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/17/2021, 11:15 AM
Previous filing: Mar 31, 2023
Next filing: Mar 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRKN	Restricted Stock Award	Award	$0	+238K		$0.00	238K	Sep 29, 2021	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
transaction	CRKN	Restricted Stock Unit	Award		+1.06M			1.06M	Sep 29, 2021	Common Stock	1.06M		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Issued as reimbursement for certain fees and expenses previously advanced to third parties by the Reporting Person.
F2	Awarded in connection with the listing of the Issuer's common stock on The Nasdaq Stock Market pursuant to the Issuer's 2020 Employee Incentive Plan in satisfaction of the Reporting Person's entitlement to such award as set forth in the Reporting Person's employment agreement with the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. Certain of these restricted stock units were issued as reimbursement for securities previously held by the Reporting Person that were cancelled by the Issuer.
F3	The restricted stock units vest on January 26, 2022, subject to the Reporting Person remaining in continuous service with the Issuer through such date. In the event of a change in control of the Issuer, all then-unvested restricted stock units will vest as of the date of such change in control; if the Reporting Person terminates service with the Issuer as a result of his death, disability or a termination by the Issuer without cause, 100% of the unvested restricted stock units will vest as of the date of such termination. Share of unrestricted Common Stock of the Issuer will be issued with respect to vested restricted stock units on the earliest to occur of (1) January 26, 2022; (2) the Reporting Person's separation from service; (3) a change in control; or (4) the Reporting Person's death.
F4	Not applicable.