Alberto Horihuela - Nov 22, 2023 Form 4 Insider Report for fuboTV Inc. /FL (FUBO)

Role
Chief Operating Officer
Signature
/s/ David Gandler, as Attorney-in-Fact
Stock symbol
FUBO
Transactions as of
Nov 22, 2023
Transactions value $
-$117,515
Form type
4
Date filed
11/24/2023, 07:00 PM
Previous filing
Nov 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUBO Common Stock Options Exercise +100K +7.35% 1.46M Nov 22, 2023 Direct F1
transaction FUBO Common Stock Sale -$118K -36.8K -2.52% $3.19 1.42M Nov 22, 2023 Direct F2, F3

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 -100K -100% $0.00* 0 Nov 22, 2023 Common Stock 100K Direct F1, F4
* 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 May 25, 2023.
F3 The price reported is a weighted average price. The shares were sold in multiple transactions at per share prices ranging from $ 3.12 to $ 3.22. 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 The Issuer previously granted the Reporting Person an award of RSUs that vest in five equal annual installments based on the Issuer's satisfaction of certain performance objectives for each of the fiscal years ending December 31, 2021, 2022, 2023, 2024, and 2025. On February 16, 2023, the Board determined that the performance condition with respect to the third performance period for such award ending on December 31, 2022 had been satisfied, resulting in the vesting of 100,000 shares of Common Stock subject to such award on November 20, 2023, subject to the Reporting Person's continued service to the Issuer through such date.