Stephen Cumming - Sep 13, 2023 Form 4 Insider Report for Edgio, Inc. (EGIO)

Role
Chief Financial Officer
Signature
Stephen Cumming /s/ Richard Diegnan, Attorney-in-Fact
Stock symbol
EGIO
Transactions as of
Sep 13, 2023
Transactions value $
-$27,034
Form type
4
Date filed
9/15/2023, 05:24 PM
Previous filing
Jan 4, 2023
Next filing
Nov 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGIO Common Stock Tax liability -$27K -32.6K -7.6% $0.83 396K Sep 13, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs vested on 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 94,190 restricted stock units.
F3 This includes 334,221 unvested restricted stock units.

Remarks:

Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated August 24, 2022.