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

Role: EVP, CFO, and Treasurer
Signature: /s/ Adir Katzav
Stock symbol: PIK
Transactions as of: May 15, 2022
Transactions value $: -$28,109
Form type: 4
Date filed: 5/17/2022, 08:46 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	+42.3K		$0.00	42.3K	May 15, 2022	Direct
transaction	PIK	Common Stock	Tax liability	-$28.1K	-14.7K	-34.76%	$1.91	27.6K	May 15, 2022	Direct	F1

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	-42.3K	-33.33%	$0.00	84.7K	May 15, 2022	Common Stock	42.3K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 42,333 restricted stock units to the Reporting Person on May 15, 2022.
F2	Each restricted stock unit represents the contingent right to receive, at settlement, one share of common stock.
F3	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.