Leo Taddeo - Mar 28, 2023 Form 4 Insider Report for Appgate, Inc. (APGT)

Role
CEO and President, Director
Signature
/s/ Jeremy M. Dale, Attorney-in-Fact
Stock symbol
APGT
Transactions as of
Mar 28, 2023
Transactions value $
$0
Form type
4
Date filed
3/28/2023, 04:07 PM
Previous filing
Jan 9, 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 APGT Restricted Stock Units Award $0 +1M $0.00 1M Mar 28, 2023 Common Stock 1M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Appgate, Inc. common stock.
F2 The restricted stock units vest as follows: 25% on January 1, 2023 and 6.25% on the first day of each calendar quarter starting on April 1, 2023.
F3 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"). In the event the Vesting Event does not occur within three (3) years of March 28, 2023, the restricted stock units shall be forfeited immediately following such three (3) year period. 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.