Ronald Fleming - Sep 14, 2024 Form 4 Insider Report for Lazydays Holdings, Inc. (GORV)

Role: Interim CEO, Director
Signature: /s/ Ronald Fleming
Stock symbol: GORV
Transactions as of: Sep 14, 2024
Transactions value $: $0
Form type: 4
Date filed: 9/17/2024, 05:27 PM
Previous filing: Dec 2, 2022

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	GORV	Employee stock option (right to buy)	Award	$0	+1.5M		$0.00	1.5M	Sep 14, 2024	Common Stock	1.5M	$2.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The option will not be exercisable prior to September 14, 2025. Thereafter, subject to the Reporting Person's continuous employment, (a) 50% of the option will vest when the closing price on the NASDAQ Stock Market of Lazydays Holdings, Inc.'s Common Stock reaches or exceeds $4.00 per share for 20 consecutive trading days and (b) 50% of the shares will vest when the closing price of Lazydays Holdings, Inc.'s Common Stock reaches or exceeds $6.00 for 20 consecutive trading days.

Content

The option will not be exercisable prior to September 14, 2025. Thereafter, subject to the Reporting Person's continuous employment, (a) 50% of the option will vest when the closing price on the NASDAQ Stock Market of Lazydays Holdings, Inc.'s Common Stock reaches or exceeds $4.00 per share for 20 consecutive trading days and (b) 50% of the shares will vest when the closing price of Lazydays Holdings, Inc.'s Common Stock reaches or exceeds $6.00 for 20 consecutive trading days.