Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RENT | Class A Common Stock | Award | +98.4K | +29.58% | 431K | Jul 11, 2023 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RENT | Stock Option (Right to Buy) | Disposed to Issuer | -110K | -100% | 0 | Jul 11, 2023 | Class A Common Stock | 110K | $7.01 | Direct | F1, F2 | ||
transaction | RENT | Stock Option (Right to Buy) | Disposed to Issuer | -136K | -100% | 0 | Jul 11, 2023 | Class A Common Stock | 136K | $6.76 | Direct | F1, F3 |
Id | Content |
---|---|
F1 | On July 11, 2023, the Issuer canceled, pursuant to the Issuers Option Exchange Program, all options that had been tendered by the Reporting Person. In exchange for the options, the Reporting Person received 98,397 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuers Class A Common Stock. The award of restricted stock units shall vest in eight equal quarterly installments over two years beginning on November 1, 2023, provided that the Reporting Person remains continuously employed on each vesting date. |
F2 | Prior to cancellation, the option vested and became exercisable as to 25% of the underlying shares on December 2, 2020 and in 36 substantially equal installments thereafter. |
F3 | Prior to cancellation, the option vested and became exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter. |