Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PECO | Common Stock | Other | $0 | -18K | -100% | $0.00* | 0 | Jul 2, 2021 | Direct | F1, F2 |
transaction | PECO | Class B Common Stock | Other | $0 | +18K | $0.00 | 18K | Jul 2, 2021 | Direct | F1, F2 | |
transaction | PECO | Common Stock | Award | $0 | +3.39K | $0.00 | 3.39K | Jul 15, 2021 | Direct | F3 | |
transaction | PECO | Common Stock | Purchase | $196K | +7K | +206.5% | $28.00 | 10.4K | Jul 19, 2021 | Direct | F4 |
transaction | PECO | Common Stock | Other | $0 | -189 | -100% | $0.00* | 0 | Jul 2, 2021 | Spouse | F2, F5 |
transaction | PECO | Class B Common Stock | Other | $0 | +189 | $0.00 | 189 | Jul 2, 2021 | Spouse | F2, F5 |
Id | Content |
---|---|
F1 | On July 2, 2021, the Issuer effected a one-for-three reverse stock split (the "Reverse Split") of all of its issued and outstanding shares of common stock ("Common Stock"), which resulted in the Reporting Person's ownership of issued and outstanding Common Stock being reduced from 53,929.028 shares of Common Stock to 17,976.343 shares of Common Stock. |
F2 | On July 2, 2021, immediately following the Reverse Stock Split, the Issuer effected a reclassification transaction exempt under Rule 16b-7 in which each issued and outstanding share of its Common Stock on July 2, 2021, was reclassified into a share of newly created Class B common stock; thus, all of the Reporting Person's shares of Common Stock held as of July 2, 2021, are now shares of Class B common stock. The Issuer's Class B common stock is identical to its Common Stock, except that (i) it is not currently listed on a national securities exchange and (ii) it will automatically convert to the Issuer's listed Common Stock on January 15, 2022. |
F3 | Represents the grant of shares of restricted Common Stock that will vest as to 50% of the award on the eighteen month anniversary of the date of grant and 50% of the award on the thirty-six month anniversary of the date of grant, subject to continued service through the applicable vesting date. |
F4 | Represents the purchase of shares of Common Stock directly from the Issuer's underwriters through the Reserved Share Program offered to the Issuer's directors, officers, associates, and certain other related persons in connection with its current registered underwritten public offering. Reporting Person's shares of Common Stock are subject to a 180-day lock-up beginning July 15, 2021. |
F5 | As a result of the Reverse Stock Split, the shares of Common Stock owned by the Reporting's Person's spouse reduced from 567.120 shares of Common Stock to 189.040 shares of Common Stock. |