Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | OPEN | Common Stock | Sale | -$2.7K | -2.15K | -0.37% | $1.26 | 585K | Dec 20, 2022 | Direct | F1, F2 |
transaction | OPEN | Common Stock | Award | $0 | +250K | +42.74% | $0.00 | 835K | Dec 20, 2022 | Direct | F3 |
Id | Content |
---|---|
F1 | The sale was effected pursuant to a Rule 10b5-1 instruction letter to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards. |
F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.2500 to $1.2700, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected. |
F3 | Represents 250,000 restricted stock units ("RSUs") subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. One-eighth of the total number of RSUs will vest on each quarterly anniversary following December 15, 2022, in each case subject to the Reporting Person's continued service to the Issuer. |
Officer Title: Interim Chief Financial Officer