| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | APGT | Restricted Stock Units | Jan 4, 2023 | Common Stock | 335K | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | The restricted stock units vest as follows: 25% on January 1, 2023 and an additional 6.25% on the first day of each calendar quarter commencing on April 1, 2023, subject to the reporting person's continued employment and the restrictions described in footnote (2) below. |
| F2 | In each case, vesting will not be effective until the earliest to occur of (a) the listing of Appgate's common stock on either the NASDAQ or NYSE and (b) a Change in Control as defined in the Appgate, Inc. 2021 Incentive Compensation Plan (the "Vesting Event"). With respect to 230,000 of the restricted stock units, in the event the Vesting Event does not occur by August 8, 2025, the restricted stock units shall be forfeited immediately following such date. Subject to the immediately preceding sentence, any restricted stock units that would have otherwise vested prior to the Vesting Event, but did not vest because the Vesting Event had not occurred as of such time, shall immediately be vested on the date of the Vesting Event (and the date of such Vesting Event shall be deemed the vesting date for such restricted stock units) regardless of whether Mr. Taddeo was in continuous service with Appgate as of the date of the Vesting Event. |
| F3 | Each restricted stock unit represents a contingent right to receive one share of Appgate, Inc. common stock. |
See Exhibit 24.1 - Power of Attorney