Douglas Croxall - Oct 27, 2023 Form 4 Insider Report for Crown Electrokinetics Corp. (CRKN)

Role
Chief Executive Officer, Director
Signature
/s/ Douglas Croxall
Stock symbol
CRKN
Transactions as of
Oct 27, 2023
Transactions value $
$0
Form type
4
Date filed
3/28/2024, 05:57 PM
Previous filing
Dec 17, 2021

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 CRKN Restricted Stock Units Award $0 +1.08M +718.45% $0.00 1.23M Oct 27, 2023 Common Stock 1.08M $0.00 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 common stock of Crown Electrokinetics Corp. (the "Issuer").
F2 Subject to the Reporting Person remaining in continuous service with the Issuer through each applicable vesting date, the restricted stock units reported herein vest in equal monthly installments over 12 months beginning on the date of grant, provided, that all such restricted stock units vest immediately upon the Issuer achieving a market capitalization of $50,000,000.
F3 The amount of shares reported herein reflects the 60-for-1 reverse stock split effected by the Issuer on August 14, 2023.