Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MODV | Common Stock | Award | $0 | +8.57K | $0.00 | 8.57K | Sep 18, 2023 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MODV | Performance Restricted Stock Units | Award | $0 | +12.9K | $0.00 | 12.9K | Sep 18, 2023 | Common Stock | 12.9K | Direct | F2 |
Id | Content |
---|---|
F1 | Represents restricted stock units scheduled to vest as follows: (i) 2,858 shares will vest on September 18, 2024, (ii) 2,857 shares will vest on September 18, 2025 and (iii) 2,858 shares will vest on September 18, 2026, in each case, subject to the reporting person's continued employment. |
F2 | Represents the contingent right to receive a number of shares of issuer common stock determined by multiplying the number of performance units by a percentage from 50% to 200% that corresponds to specified revenue and Adjusted EBITDA thresholds measured by reference to the issuer's audited financial statements for its fiscal year ending December 31, 2025, subject to the reporting person's continued employment through the vesting date of September 18, 2026. The number of shares of common stock reported assumes a revenue and Adjusted EBITDA performance target achieved that corresponds to a 100% payout level. |