Chelsea Pullano - Jun 3, 2022 Form 4 Insider Report for Creatd, Inc. (VOCL)

Role: Chief Financial Officer
Signature: /s/ Chelsea Pullano
Stock symbol: VOCL
Transactions as of: Jun 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/7/2022, 08:31 PM
Previous filing: Jun 3, 2022
Next filing: Feb 10, 2023

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	VOCL	Stock Options	Award	$0	+50K		$0.00	50K	Jun 3, 2022	Common Stock	50K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	The options (the "Options") shall be issued on a basis requiring continued employment with the Company and the Company having achieved a minimum of $6 million in net revenues for the 2022 fiscal year. Each restricted Option represents a contingent right to receive one share of the Company's common stock. The Option will be issued and shall vest subject only to continued employment with (i) 1/3 of the Options, priced at $1.32, vesting on December 31, 2022, (ii) 1/3 of the Options, priced at $1.58, vesting on December 31, 2023, and (iii) the final 1/3 of the Options, priced at $1.90, vesting on December 31, 2024. The restricted stock units do not expire, they either vest or are canceled prior to vesting date.

Content

The options (the "Options") shall be issued on a basis requiring continued employment with the Company and the Company having achieved a minimum of $6 million in net revenues for the 2022 fiscal year. Each restricted Option represents a contingent right to receive one share of the Company's common stock. The Option will be issued and shall vest subject only to continued employment with (i) 1/3 of the Options, priced at $1.32, vesting on December 31, 2022, (ii) 1/3 of the Options, priced at $1.58, vesting on December 31, 2023, and (iii) the final 1/3 of the Options, priced at $1.90, vesting on December 31, 2024. The restricted stock units do not expire, they either vest or are canceled prior to vesting date.