David Oddi - May 15, 2022 Form 4 Insider Report for KIDPIK CORP. (PIK)

Role
Director
Signature
/s/ David Oddi
Stock symbol
PIK
Transactions as of
May 15, 2022
Transactions value $
$0
Form type
4
Date filed
5/17/2022, 07:43 PM
Previous filing
Dec 3, 2021
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PIK Common Stock Options Exercise $0 +3.33K $0.00 3.33K May 15, 2022 Direct

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
transaction PIK Restricted Stock Unit Options Exercise $0 -3.33K -33.33% $0.00 6.67K May 15, 2022 Common Stock 3.33K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the contingent right to receive, at settlement, one share of common stock.
F2 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 vesting date.