Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ELMSQ | Employee Restricted Stock Unit | Award | $0 | +250K | $0.00 | 250K | Aug 30, 2021 | Common Stock | 250K | Direct | F1, F2 | ||
transaction | ELMSQ | Earnout Restricted Stock Unit | Award | $0 | +100K | $0.00 | 100K | Aug 30, 2021 | Common Stock | 100K | Direct | F1, F3 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting. |
F2 | Restricted stock units will vest with respect to 33 1/3% on each of January 2, 2022, January 2, 2023 and January 2, 2024, subject to continued employment. |
F3 | 50% of the restricted stock units will be deemed earned and vested if the closing price per share of common stock of the Issuer on any 20 trading days in any 30-consecutive day trading period equals or exceeds (i) $14.00 or (ii) $16.00, respectively, subject to continued employment. |