Steven R. Boal - May 20, 2022 Form 4 Insider Report for Quotient Technology Inc. (QUOT)

Role: Former CEO, Director
Signature: /s/ John Platz, Attorney-in-Fact for Steven R. Boal
Stock symbol: QUOT
Transactions as of: May 20, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/24/2022, 07:27 PM
Previous filing: Mar 3, 2022
Next filing: Jun 3, 2022
SEC: View on sec.gov

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	QUOT	Stock Option (Right to Buy)	Disposed to Issuer		-47K	-100%		0	May 20, 2022	Common Stock	47K	$8.51	Direct	F1, F2
transaction	QUOT	Employee Stock Option (right to buy)	Disposed to Issuer		-600K	-100%		0	May 20, 2022	Common Stock	600K	$8.65	Direct	F1, F2
transaction	QUOT	Stock Option (right to buy)	Disposed to Issuer		-469K	-100%		0	May 20, 2022	Common Stock	469K	$8.95	Direct	F1, F3
transaction	QUOT	Stock Option (right to buy)	Disposed to Issuer		-300K	-100%		0	May 20, 2022	Common Stock	300K	$9.96	Direct	F1, F4
transaction	QUOT	Stock Option (Right to Buy)	Disposed to Issuer		-300K	-100%		0	May 20, 2022	Common Stock	300K	$13.00	Direct	F1, F2
transaction	QUOT	Stock Option (Right to Buy)	Disposed to Issuer		-261K	-100%		0	May 20, 2022	Common Stock	261K	$13.10	Direct	F1, F2
transaction	QUOT	Employee Stock Option (right to buy)	Disposed to Issuer		-800K	-100%		0	May 20, 2022	Common Stock	800K	$25.00	Direct	F1, F2
transaction	QUOT	Stock Option (Right to Buy)	Award		+47K			47K	May 20, 2022	Common Stock	47K	$4.19	Direct	F1, F2
transaction	QUOT	Employee Stock Option (right to buy)	Award		+600K			600K	May 20, 2022	Common Stock	600K	$4.19	Direct	F1, F2
transaction	QUOT	Stock Option (right to buy)	Award		+469K			469K	May 20, 2022	Common Stock	469K	$4.19	Direct	F1
transaction	QUOT	Stock Option (right to buy)	Award		+300K			300K	May 20, 2022	Common Stock	300K	$4.19	Direct	F1
transaction	QUOT	Stock Option (right to buy)	Award		+300K			300K	May 20, 2022	Common Stock	300K	$4.19	Direct	F1, F2
transaction	QUOT	Stock Option (right to buy)	Award		+261K			261K	May 20, 2022	Common Stock	261K	$4.19	Direct	F1, F2
transaction	QUOT	Employee Stock Option (right to buy)	Award		+800K			800K	May 20, 2022	Common Stock	800K	$4.19	Direct	F1, F2

Showing 1 to 14 of 14 entries

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

Explanation of Responses:

Id	Content
F1	1. These options were amended pursuant to the Separation Agreement and Release between the Reporting Person and the Issuer, dated May 16, 2022 (the "Separation Agreement"), a copy of which will be filed as an exhibit to the Issuer's quarterly report on Form 10-Q for the fiscal quarter ending June 30, 2022. Pursuant to the terms of the Separation Agreement, the exercise price of each option was reduced to the closing price of the Issuer's Common Stock on the date the Reporting Person ceased to serve as Chief Executive Officer of the Issuer (May 20, 2022), any unvested options will vest immediately and in full on the Reporting Person's last day of employment with the Issuer, which shall be no later than the Issuer's 2022 Annual Meeting of Stockholders (the "Termination Date"), and the options will remain exercisable through the third anniversary of the Termination Date.
F2	This option is currently exercisable in full.
F3	The option vests in 48 equal monthly installments from the vesting commencement date of March 1, 2020.
F4	The option vests in 48 equal monthly installments from the vesting commencement date of March 1, 2019.