Randy Maultsby - Aug 4, 2021 Form 4 Insider Report for TIPTREE INC. (TIPT)

Role
President
Signature
/s/ Neil C. Rifkind, Attorney-in-Fact for Randy Maultsby
Stock symbol
TIPT
Transactions as of
Aug 4, 2021
Transactions value $
$0
Form type
4
Date filed
8/5/2021, 02:23 PM
Previous filing
Jul 14, 2021
Next filing
Nov 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TIPT Common Stock 64.3K Aug 4, 2021 Direct

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 TIPT Performance Restricted Stock Units Award $0 +500K $0.00 500K Aug 4, 2021 Common Stock 500K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Tiptree Inc. ("Tiptree") common stock. The PRSUs will vest upon Tiptree achieving each of five Tiptree share price target milestones, based on the average of the thirty (30) trading day closing stock price, ranging from $15 to $60 (adjusted for dividends paid) prior to the tenth anniversary of the date of grant, subject to the Reporting Person's continued employment with Tiptree. Any unvested PRSUs shall expire on August 4, 2031. See the Remarks below for the share price target milestones.

Remarks:

Company Share Price Target*----Number of PRSUs that Vest-----Determination Period $15-----------------------------33,333-----------------------1st Determination Period: Not later than August 4, 2023 $20-----------------------------66,667-----------------------2nd Determination Period: Not later than August 4, 2025 $30----------------------------100,000-----------------------3rd Determination Period: Not later than August 4, 2027 $45----------------------------133,333-----------------------4th Determination Period: Not later than August 4, 2029 $60----------------------------166,667-----------------------Final Determination Period: Not later than August 4, 2031