Adam Zalko - Mar 28, 2023 Form 4 Insider Report for PALTALK, INC. (PALT)

Role
Senior Vice President
Signature
/s/ Adam Zalko
Stock symbol
PALT
Transactions as of
Mar 28, 2023
Transactions value $
$0
Form type
4
Date filed
3/29/2023, 04:16 PM
Previous filing
Mar 30, 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 PALT Stock Option (Right to Buy) Award $0 +10K $0.00 10K Mar 28, 2023 Common Stock 10K $1.94 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 28, 2023 (the "Option Agreement"). The shares underlying this stock option will vest and become exercisable in four equal annual installments beginning on the first anniversary of the date of grant, 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.