Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | BUUZ | Restricted Stock Award | Aug 17, 2021 | Common Stock | 10M | $0.00 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | 50% of the Restricted Shares shall vest upon the achievement of certain Company milestones, and the remaining 50% of the Restricted Shares shall vest upon the sooner of (i) the achievement of certain additional Company milestones, or (ii) six months after the completion of the milestones that the vesting of the initial 50% are based on. Details regarding the vesting of the Restricted shares are more fully described in the Restricted Share Aware agreement, which was filed as Exhibit 4.4 to the Company's Form 8-K filed on August 17, 2021. |
F2 | The Restricted Shares shall be cancelled upon the termination of Mr. Kim's consulting relationship with the Company for Cause, or if Mr. Kim voluntarily terminates his consulting relationship with the Company or such relationship is terminated due to disability or death prior to the vesting of all or any portion of the Restricted Shares awarded under the Restricted Share Award Agreement. |