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

Signature
Richard Diegnan /s/ Marissa Stoltz, Attorney-in-Fact
Stock symbol
EGIO
Transactions as of
Sep 13, 2023
Transactions value $
-$7,055
Form type
4
Date filed
9/15/2023, 05:26 PM
Previous filing
Aug 12, 2022
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 -$8.17K -9.84K -6.09% $0.83 152K Sep 13, 2023 Direct F1, F2, F3
transaction EGIO Common Stock Award $1.11K +1.34K +0.88% $0.83 153K Sep 13, 2023 Direct F3, 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 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 40,415 restricted stock units.
F3 This includes 121,245 unvested restricted stock units.
F4 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.
F5 Purchased pursuant to the Edgio, Inc. Employee Stock Purchase Plan ("ESPP") on the transaction date for the purchase period of November 15, 2022, through September 13, 2023. These shares were purchased at the closing price of the issuer's common stock on September 13, 2023. This transaction is exempt under Rule 16b-3(c).

Remarks:

Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated June 28, 2022.