| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GVP | Common Stock | Tax liability | $40,569 | -32,455 | -3.4% | $1.25 | 916,671 | 30 Jun 2022 | Direct | F1 |
| transaction | GVP | Common Stock | Options Exercise | +50,000 | +5.5% | 966,671 | 30 Jun 2022 | Direct | F2 | ||
| transaction | GVP | Common Stock | Tax liability | $30,500 | -24,400 | -2.5% | $1.25 | 942,271 | 30 Jun 2022 | Direct | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GVP | Performance Rights | Options Exercise | -50,000 | -8.3% | 550,000 | 30 Jun 2022 | Common Stock | 50,000 | Direct | F2, F3 | |||
| transaction | GVP | Performance Rights | Options Exercise | -25,000 | -4.5% | 525,000 | 30 Jun 2022 | Common Stock | 25,000 | Direct | F2, F4 |
| Id | Content |
|---|---|
| F1 | Shares withheld by the Issuer for payment of applicable taxes owed due to the vesting of 66,505 restricted share units pursuant to two restricted share unit agreements between the Reporting Person and the Issuer. |
| F2 | Each performance right (PR) is a contingent right to receive one share of Issuer Common Stock. PRs vest upon satisfaction of a Service Condition (SC) and a Stock Price Performance Condition (SPPC). The SC is satisfied for sixteen dates (3/31/2022, 6/30/2022, 9/30/2022, 12/31/2022, 3/31/2023, 6/30/2023, 9/30/2023, 12/31/2023, 3/31/2024, 6/30/2024, 9/30/2024, 12//31/2024, 3/31/2025, 6/30/2025, 9/30/2025, and 12/31/2025) if the Issuer has continuously employed the reporting person through that SC date, and 25,000 PRs then will be eligible to vest if the SPPC also has been met. The SPPC requires the Volume Weighted Average Price of the Issuer's Common Stock as quoted on NASDAQ to be at least $1.94 measured over a 20 consecutive trading day period. If the SPPC has not yet been met, then PRs eligible to vest due to satisfaction of a SC shall aggregate and vest upon later satisfaction of the SPPC. Once the SPPC is met, PRs that remain unvested shall vest upon satisfaction of each future SC |
| F3 | On June 14, 2022, the Compensation Committee of the Board of Directors of the Issuer certified that the SPPC applicable to these PRs had been satisfied. Accordingly, on June 30, 2022, the SC was satisfied with respect to 3/31/2022 and 6/30/2022, resulting in the vesting of 50,000 PRs and the issuance of 50,000 shares of Common Stock, of which 24,400 shares of Common Stock were withheld by the Issuer for payment of applicable taxes owed due to the vesting of the 50,000 PRs as provided by a restricted share unit agreement between the Reporting Person and the Issuer. |
| F4 | On June 14, 2022, the Compensation Committee of the Board of Directors of the Issuer certified that the SPPC applicable to these PRs had been satisfied. Accordingly, on June 30, 2022, the SC was satisfied with respect to 3/31/2022 and 6/30/2022, resulting in the vesting of 25,000 PRs. Pursuant to the restricted share unit agreement between the Reporting Person and the Issuer, a cash payment was made to the Reporting Person in an amount equal to 25,000 multiplied by the fair market value per share of Issuer Common Stock as of June 30, 2022. |