Brandy L. Treadway - Mar 19, 2024 Form 4 Insider Report for RumbleOn, Inc. (RMBL)

Role: Chief Legal Officer
Signature: /s/ Brandy L. Treadway
Stock symbol: RMBL
Transactions as of: Mar 19, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/21/2024, 07:44 PM
Previous filing: Mar 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RMBL	Class B Common Stock	Award		+12.4K			12.4K	Mar 19, 2024	Direct	F1
transaction	RMBL	Class B Common Stock	Award		+37.3K	+300%		49.7K	Mar 19, 2024	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On March 19, 2024, the reporting person received a grant of 12,429 restricted stock units ("RSU") pursuant to the terms of her employment agreement and calculated based upon the share price of RMBL Class B Common Stock at the conclusion of the second trading day following the Company's release of earnings for Q4 2023. Each RSU represents a contingent right to receive one share of RMBL Class B Common Stock. The RSU award was granted under the 2017 Stock Incentive Plan, as amended, and will vest ratably over three years on March 19, 2025, March 19, 2026, and March 19, 2027, provided that the reporting person remains employed on each vesting date.
F2	On March 19, 2024, the reporting person received a grant of 37,287 performance-based restricted stock units ("PSU") pursuant to the terms of her employment agreement and calculated based upon the share price of RMBL Class B Common Stock at the conclusion of the second trading day following the Company's release of earnings for Q4 2023. Each PSU represents a contingent right to receive one share of RMBL Class B Common Stock. The PSUs vest when the minimum closing price of RMBL Class B Common Stock remains at or above a minimum closing price for at least 30 consecutive trading days ("Target"), subject to her continuous employment and other terms of the grant. Vesting is one-third, or 12,429 PSUs, at each applicable Target as follows: $12, $17, and $22. This grant was made under the 2017 Stock Incentive Plan, as amended.

Content

On March 19, 2024, the reporting person received a grant of 12,429 restricted stock units ("RSU") pursuant to the terms of her employment agreement and calculated based upon the share price of RMBL Class B Common Stock at the conclusion of the second trading day following the Company's release of earnings for Q4 2023. Each RSU represents a contingent right to receive one share of RMBL Class B Common Stock. The RSU award was granted under the 2017 Stock Incentive Plan, as amended, and will vest ratably over three years on March 19, 2025, March 19, 2026, and March 19, 2027, provided that the reporting person remains employed on each vesting date.

On March 19, 2024, the reporting person received a grant of 37,287 performance-based restricted stock units ("PSU") pursuant to the terms of her employment agreement and calculated based upon the share price of RMBL Class B Common Stock at the conclusion of the second trading day following the Company's release of earnings for Q4 2023. Each PSU represents a contingent right to receive one share of RMBL Class B Common Stock. The PSUs vest when the minimum closing price of RMBL Class B Common Stock remains at or above a minimum closing price for at least 30 consecutive trading days ("Target"), subject to her continuous employment and other terms of the grant. Vesting is one-third, or 12,429 PSUs, at each applicable Target as follows: $12, $17, and $22. This grant was made under the 2017 Stock Incentive Plan, as amended.