| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MYPS | Class A Common Stock | Sale | -$39.5K | -25K | -3.94% | $1.58 | 609K | Sep 16, 2024 | by Scott E Peterson Trust | F1, F2 |
| holding | MYPS | Class A Common Stock | 634K | Sep 16, 2024 | by Scott E Peterson Trust | ||||||
| holding | MYPS | Class A Common Stock | 33.9K | Sep 16, 2024 | By Spouse | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | MYPS | Restricted Stock Units | 583K | Sep 16, 2024 | Class A Common Stock | 583K | $0.00 | Direct | F4, F5 | |||||
| holding | MYPS | Performance Stock Units | 83.3K | Sep 16, 2024 | Class A Common Stock | 83.3K | $0.00 | Direct | F6 | |||||
| holding | MYPS | Stock Options | 68K | Sep 16, 2024 | Class A Common Stock | 68K | $1.01 | Direct | ||||||
| holding | MYPS | Stock Options | 68K | Sep 16, 2024 | Class A Common Stock | 68K | $1.44 | Direct | ||||||
| holding | MYPS | Earnout Shares | 12.8K | Sep 16, 2024 | Class A Common Stock | 12.8K | $0.00 | Direct | F7 | |||||
| holding | MYPS | Earnout Shares | 50.5K | Sep 16, 2024 | Class A Common Stock | 50.5K | $0.00 | by Scott E Peterson Trust | F7 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | This transaction was pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2024. This trading plan was previously disclosed in the Issuer's Quarterly Report on Form 10-Q filed on August 6, 2024. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.55 to 1.65, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F3 | Reflects shares owned by the reporting person's spouse. The reporting person disclaims beneficial ownership of the shares held by his spouse, and the inclusion of such shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose. |
| F4 | Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. |
| F5 | On March 11, 2024, the Reporting Person was granted 766,669 unvested unvested Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 183,334 Restricted Stock Units vesting on May 15, 2024; 250,001 Restricted Stock Units vesting on May 15, 2025; 166,667 Restricted Stock Units vesting on May 15, 2026; and 166,667 Restricted Stock Units vesting on May 15, 2027. |
| F6 | Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. The actual number of shares of Class A Common Stock to be issued upon vesting of such Performance Stock Units will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics, as determined by the Compensation Committee of the Company's Board of Directors, for the fiscal year ending December 31, 2024. |
| F7 | Payable in two equal tranches if the closing price of the Class A Common Stock exceeds $12.50 and $15.00 per share, respectively, for any 20 trading days within any 30-trading day period commencing on or after the 150th day following the closing (the "Closing") of the business combination pursuant to the Agreement and Plan of Merger, dated as of February 1, 2021, to which the Issuer is a party, and ending no later than the five-year anniversary of the Closing. The Earnout Shares are also subject to potential vesting based on the price targets in connection with a sale of the Issuer. |