Kara B. Jenny - 29 Mar 2022 Form 4 Insider Report for PALTALK, INC. (IPM)

Role: Chief Financial Officer, Director
Signature: /s/ Kara Jenny
Issuer symbol: IPM
Transactions as of: 29 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 30 Mar 2022, 17:29:01 UTC
Next filing: 08 Jan 2025
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	PALT	Stock Option (Right to Buy)	Award	$0	+60,000		$0.000000	60,000	29 Mar 2022	Common Stock	60,000	$2.66	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The stock option was granted pursuant to a stock option agreement dated March 29, 2022. One-third of the shares underlying this stock option vested and became exercisable on the grant date. The remaining unvested shares will vest in twenty-four equal monthly installments on each of the first twenty-four monthly anniversaries of the grant date as long as the reporting person is providing services to Paltalk, Inc. on such dates; provided, that upon the effective date of a "change in control" (as defined in the Paltalk, Inc. 2016 Long-Term Incentive Plan), 100% of the then-unvested shares shall immediately vest and become fully exercisable, if not previously so exercisable, on the date of the change in control.

Content

The stock option was granted pursuant to a stock option agreement dated March 29, 2022. One-third of the shares underlying this stock option vested and became exercisable on the grant date. The remaining unvested shares will vest in twenty-four equal monthly installments on each of the first twenty-four monthly anniversaries of the grant date as long as the reporting person is providing services to Paltalk, Inc. on such dates; provided, that upon the effective date of a "change in control" (as defined in the Paltalk, Inc. 2016 Long-Term Incentive Plan), 100% of the then-unvested shares shall immediately vest and become fully exercisable, if not previously so exercisable, on the date of the change in control.