Adir Katzav - Nov 10, 2021 Form 3 Insider Report for KIDPIK CORP. (PIK)

Role: EVP, CFO, and Treasurer
Signature: /s/ Adir Katzav
Stock symbol: PIK
Transactions as of: Nov 10, 2021
Transactions value $: $0
Form type: 3
Date filed: 12/3/2021, 05:05 PM
Next filing: May 17, 2022

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
holding	PIK	Restricted Stock Unit							Nov 10, 2021	Common Stock	127K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The restricted stock units vest at the rate of (i) 1/3 on May 15, 2022 (six months from the closing of the Issuer's initial public offering ("IPO")); (ii) 1/3 on May 15, 2023 (eighteen months from the closing of the IPO); and (iii) 1/3 on May 15, 2024 (thirty months from the closing date of the IPO), 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 the vesting date.
F2	Each restricted stock unit represents the contingent right to receive, at settlement, one share of common stock.

Content

The restricted stock units vest at the rate of (i) 1/3 on May 15, 2022 (six months from the closing of the Issuer's initial public offering ("IPO")); (ii) 1/3 on May 15, 2023 (eighteen months from the closing of the IPO); and (iii) 1/3 on May 15, 2024 (thirty months from the closing date of the IPO), 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 the vesting date.

Each restricted stock unit represents the contingent right to receive, at settlement, one share of common stock.