Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GMGI | Common Stock | Options Exercise | +25K | +50% | 75K | Jan 17, 2024 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GMGI | Restricted Stock Unit | Options Exercise | $0 | -50K | -50% | $0.00 | 50K | Jan 17, 2024 | Common Stock | 50K | Direct | F2, F3 |
Id | Content |
---|---|
F1 | Represents the vesting of 25,000 restricted stock units (RSUs) upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2023. |
F2 | Each RSU represents the contingent right to receive, at settlement, one share of common stock. |
F3 | The RSUs vest, if at all, at the rate of 25,000 RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets (50,000 per year in total), as of the end of fiscal 2022 (vested), 2023 (vested as to 25,000) and 2024, and upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Reports on Form 10-K, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. Issued under the Issuer's 2022 Equity Incentive Plan. |