Jeffery D. Johnson - Dec 15, 2021 Form 4 Insider Report for Cuentas Inc. (CUEN)

Role: Chief Executive Officer
Signature: /s/ Jeffery D. Johnson
Stock symbol: CUEN
Transactions as of: Dec 15, 2021
Transactions value $: $0
Form type: 4
Date filed: 3/25/2022, 05:02 PM
Previous filing: Mar 25, 2022

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	CUEN	Stock Options	Award	$0	+500K		$0.00	500K	Nov 3, 2021	Common Stock	500K	$2.80	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The option grant was approved by the board of directors of Cuentas Inc. on November 3, 2021, subject to shareholder approval of the stock option plan under which the option was granted. The shareholders of Cuentas Inc. approved the plan on December 15, 2021. Of the options granted, 125,000 are exercisable immediately upon shareholder approval, with 187,000 vesting on each of the first and second anniversary of Jeffery D. Johnson's employment with Cuentas Inc. thereafter.

Content

The option grant was approved by the board of directors of Cuentas Inc. on November 3, 2021, subject to shareholder approval of the stock option plan under which the option was granted. The shareholders of Cuentas Inc. approved the plan on December 15, 2021. Of the options granted, 125,000 are exercisable immediately upon shareholder approval, with 187,000 vesting on each of the first and second anniversary of Jeffery D. Johnson's employment with Cuentas Inc. thereafter.