Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ELUT | Restricted Stock Units | Award | $0 | +89.9K | $0.00 | 89.9K | Jan 31, 2024 | Class A Common Stock | 89.9K | Direct | F1, F2 | ||
transaction | ELUT | Stock Option (Right to Buy) | Award | $0 | +183K | $0.00 | 183K | Jan 31, 2024 | Class A Common Stock | 183K | $3.61 | Direct | F3 | |
transaction | ELUT | Restricted Stock Units | Disposed to Issuer | $0 | -89.9K | -100% | $0.00* | 0 | Jan 31, 2024 | Class A Common Stock | 89.9K | Direct | F1, F2 | |
transaction | ELUT | Stock Option (Right to Buy) | Disposed to Issuer | $0 | -183K | -100% | $0.00* | 0 | Jan 31, 2024 | Class A Common Stock | 183K | $6.39 | Direct | F3 |
transaction | ELUT | Stock Option (Right to Buy) | Award | $0 | +488K | $0.00 | 488K | Jan 31, 2024 | Class A Common Stock | 488K | $3.61 | Direct | F4 | |
transaction | ELUT | Restricted Stock Units | Award | $0 | +488K | $0.00 | 488K | Jan 31, 2024 | Class A Common Stock | 488K | Direct | F1, F5 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents a contingent right to receive one share of Issuer Class A Common Stock. |
F2 | These transactions involved an amendment to outstanding restricted stock units, resulting in the cancellation of the "old" restricted stock units and the grant of a replacement restricted stock units. The restricted stock units originally vested in four equal installments upon the Issuer's achievement of a per share price equal to or greater than $12.50, $17.00, $25.00 and $37.00 in each case determined based on twenty consecutive days of trading at or above the applicable threshold subject to the Reporting Person's continuous employment with the Issuer through the vesting date. The replacement restricted stock units vest in four equal installments upon the Issuer's achievement of a per share price equal to or greater than $6.00, $10.00, $14.00 and $18.00 in each case determined based on twenty consecutive days of trading at or above the applicable threshold subject to the Reporting Person's continuous employment with the Issuer through the vesting date. |
F3 | These transactions involved an amendment to an outstanding option, resulting in the cancellation of the "old" option and the grant of a replacement option. The option originally vested in four equal installments upon the Issuer's achievement of a per share price equal to or greater than $12.50, $17.00, $25.00 and $37.00 in each case determined based on twenty consecutive days of trading at or above the applicable threshold subject to the Reporting Person's continuous employment with the Issuer through the vesting date. The replacement option vests in four equal installments upon the Issuer's achievement of a per share price equal to or greater than $6.00, $10.00, $14.00 and $18.00 in each case determined based on twenty consecutive days of trading at or above the applicable threshold subject to the Reporting Person's continuous employment with the Issuer through the vesting date. |
F4 | The option vests as to 162,500 shares in four equal installments upon the Issuer's achievement of a per share price equal to or greater than $6.00, $10.00, $14.00 and $18.00 in each case determined based on twenty consecutive days of trading at or above the applicable threshold subject to the Reporting Person's continuous employment with the Issuer through the vesting date. The option vests as to 325,000 shares over three years, with the options vesting monthly beginning one month after the grant date. |
F5 | The restricted stock units vest as to 162,500 shares in four equal installments upon the Issuer's achievement of a per share price equal to or greater than $6.00, $10.00, $14.00 and $18.00 in each case determined based on twenty consecutive days of trading at or above the applicable threshold subject to the Reporting Person's continuous employment with the Issuer through the vesting date; provided, however, if the vesting date for any restricted stock units that vest on stock performance is not during one of the Company's open trading windows, the vesting shall be delayed until the first business day of the next open trading window . The restricted stock units vest as to 325,000 shares as follows: 1/6 on June 10, 2024, and 1/12 quarterly on each of the following dates: September 10, 2024, December 10, 2024, March 10, 2025, June 10, 2025, September 10, 2025, December 10, 2025, March 10, 2026, June 10, 2026, September 10, 2026, and December 10, 2026. |