Matthew Evan Edelman - Mar 19, 2024 Form 4 Insider Report for Super League Enterprise, Inc. (SLE)

Role: CHIEF COMMERCIAL OFF., PRES.
Signature: /s/ Ann Hand
Stock symbol: SLE
Transactions as of: Mar 19, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/21/2024, 09:58 PM
Previous filing: May 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLE	Common Stock	Award		+161K	+2445.23%		167K	Mar 19, 2024	Direct	F1
holding	SLE	Common Stock						625	Mar 19, 2024	By 3MB Associates, LLC

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	SLE	Stock Option (Right to Buy)	Award	$0	+322K		$0.00	322K	Mar 19, 2024	Common Stock	322K	$1.85	Direct	F2
transaction	SLE	Performance Stock Units	Award		+161K			161K	Mar 19, 2024	Common Stock	161K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents grant of restricted stock units ("RSUs"). The RSUs will vest in three equal annual installments beginning on March 19, 2025. Vesting of the RSUs is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.
F2	The stock options ("Options") shall vest 1/36th per month in arrears from the date of the grant. Vesting of the Options is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.
F3	Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F4	The PSUs shall vest 1/3rd upon the occurrence of each of (A) the achievement of each of a profitable fiscal quarter, on a net income basis; (B) the achievement of 85% of EBITDA target for the fiscal year ended December 31, 2024; and (C) the achievement of 85% of EBITDA target for the fiscal year ended December 31, 2025 (with such target to be approved by the board of directors). Vesting of the PSUs is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.