Nicholas J. Bigney - 31 Jan 2024 Form 4 Insider Report for Nauticus Robotics, Inc. (KITT)

Role
General Counsel
Signature
/s/ Nicholas J. Bigney
Issuer symbol
KITT
Transactions as of
31 Jan 2024
Transactions value $
$0
Form type
4
Filing time
02 Feb 2024, 20:00:45 UTC
Previous filing
09 Nov 2023
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 KITT RSU Award $0 +574K +138.94% $0.00 986K 31 Jan 2024 Common Stock 574K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") is issued pursuant to Nauticus Robotics, Inc.'s 2022 Omnibus Incentive Plan and represents a contingent right to receive one share of common stock. Vesting (i.e., forfeiture restriction termination) generally is subject to the reporting person remaining an employee or director of the Company, its affiliates, or subsidiaries.
F2 The RSUs will vest in three annual installments commencing on January 31, 2025.