John Janedis - 21 Feb 2024 Form 4 Insider Report for fuboTV Inc. /FL (FUBO)

Role
Chief Financial Officer
Signature
/s/ David Gandler, as Attorney-in-Fact
Issuer symbol
FUBO
Transactions as of
21 Feb 2024
Net transactions value
-$98,473
Form type
4
Filing time
23 Feb 2024, 20:37:54 UTC
Previous filing
22 Nov 2023
Next filing
06 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUBO Common Stock Options Exercise $0 +52,755 +293% $0.000000 70,755 21 Feb 2024 Direct F1
transaction FUBO Common Stock Sale $42,209 -22,342 -32% $1.89 48,413 22 Feb 2024 Direct F2, F3
transaction FUBO Common Stock Sale $56,264 -30,413 -63% $1.85 18,000 23 Feb 2024 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 -52,755 -33% $0.000000 105,511 21 Feb 2024 Common Stock 52,755 Direct F1, F5
* 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 $1.865 to $1.93. 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 The remaining RSUs vest in two equal annual installments on February 20, 2025 and February 20, 2026, subject to the Reporting Person's continued service to the Issuer through each vesting date.