Ajay Kapur - 13 Sep 2023 Form 4 Insider Report for Edgio, Inc.

Role
CTO
Signature
Ajay Kapur, /s/ Richard Diegnan as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
13 Sep 2023
Net transactions value
-$334,073
Form type
4
Filing time
15 Sep 2023, 17:20:48 UTC
Previous filing
03 Mar 2023
Next filing
22 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGIO Common Stock Tax liability $102,484 -123,475 -1.9% $0.8300 6,310,371 13 Sep 2023 Direct F1, F2, F3
transaction EGIO Common Stock Tax liability $231,589 -279,023 -4.4% $0.8300 6,031,348 13 Sep 2023 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs vested on June 1, 2023, and September 1, 2023, respectively, however, due to the Restatement of the Company's 2020 and 2021 financial statements, the RSUs settled on September 13, 2023, following the Company's return to compliance with periodic reporting requirements and filing of its Quarterly Report on Form 10-Q for the 2nd Quarter 2023.
F2 The forfeiture reported in this row represents restricted stock units that were withheld by the Company solely for the purpose of satisfying tax obligations arising upon the automatic vesting of 300,885 restricted stock units.
F3 This includes 4,213,840 unvested restricted stock units
F4 The forfeiture reported in this row represents shares that were withheld by the Company solely for the purpose of satisfying tax obligations arising upon the vesting of 806,889 performance-based RSUs after the achievement of certain financial and operational performance metrics.
F5 This includes 3,406,951 unvested restricted stock units.

Remarks:

Executed pursuant to the Limited Power of Attorney for Section 16 reporting obligations dated September 14, 2021.