Michael Barnes - Oct 30, 2024 Form 4 Insider Report for TIPTREE INC. (TIPT)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Neil C. Rifkind, as Attorney-in-fact for Michael Barnes
Stock symbol
TIPT
Transactions as of
Oct 30, 2024
Transactions value $
$0
Form type
4
Date filed
11/1/2024, 04:02 PM
Previous filing
Jan 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TIPT Common Stock Options Exercise +200K +2.06% 9.9M Oct 30, 2024 Direct F1

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 2021 Options Exercise $0 -200K -14.29% $0.00 1.2M Oct 30, 2024 Common Stock 200K Direct F2
holding TIPT Performance Restricted Stock Units 2024 550K Oct 30, 2024 Common Stock 550K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of the common stock resulted from the vesting of an equal number of performance restricted stock units ("PRSUs") upon achieving the $20 Tiptree Inc. ("Tiptree") share price target milestone (adjusted for dividends paid).
F2 These PRSUs were granted to the Reporting Person on August 4, 2021. Each PRSU will vest upon Tiptree achieving each of three Tiptree share price target milestones, based on the average of the thirty (30) trading day closing stock price, ranging from $30 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. Each PRSU represents a contingent right to receive one share of Tiptree common stock. Any unvested PRSUs shall expire on August 4, 2031.
F3 These PRSUs were granted to the Reporting Person on January 1, 2024. Each PRSU represents a contingent right to receive one share of Tiptree common stock. The PRSUs will vest upon Tiptree achieving a share price target milestone based on the average of the thirty (30) trading day closing stock price of $70 (adjusted for dividends paid) prior to the 10th anniversary of the grant date, subject to the Reporting Person's continued employment with Tiptree. Any unvested PRSUs shall expire on January 1, 2034.