John Janedis - Nov 20, 2023 Form 4 Insider Report for fuboTV Inc. /FL (FUBO)

Role
Chief Financial Officer
Signature
/s/ David Gandler, as Attorney-in-Fact
Stock symbol
FUBO
Transactions as of
Nov 20, 2023
Transactions value $
-$175,115
Form type
4
Date filed
11/22/2023, 07:00 PM
Previous filing
Mar 23, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUBO Common Stock Options Exercise +56.2K +312.11% 74.2K Nov 20, 2023 Direct F1
transaction FUBO Common Stock Sale -$66K -21.3K -28.75% $3.10 52.9K Nov 21, 2023 Direct F2, F3
transaction FUBO Common Stock Sale -$109K -34.9K -65.94% $3.13 18K Nov 22, 2023 Direct F4

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 FUBO Restricted Stock Units Options Exercise $0 -56.2K -33.33% $0.00 112K Nov 20, 2023 Common Stock 56.2K Direct F1, F5
transaction FUBO Restricted Stock Units Award $0 +380K $0.00 380K Nov 20, 2023 Common Stock 380K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of fuboTV Inc. common stock.
F2 Shares were sold solely to cover taxes upon the vesting of restricted stock units pursuant to a standing Rule 10b5-1 instruction dated June 8, 2023.
F3 The price reported is a weighted average price. The shares were sold in multiple transactions at per share prices ranging from $ 3.025 to $ 3.225. The Reporting Person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Sale was effected pursuant to a Rule 10b5-1 trading plan dated June 21, 2023.
F5 On November 20, 2022, the Reporting Person was granted 168,539 RSUs, vesting as to 1/3 on each of November 20, 2023, November 20, 2024 and November 20, 2025, subject to the Reporting Person's continued service to the Issuer through each vesting date.
F6 The RSUs vest as to one-fourth of the underlying shares on each of November 20, 2024, November 20, 2025, November 20, 2026 and November 20, 2027, subject to the Reporting Person's continued service to the Issuer through each vesting date.