Gitte Bendzulla - Jun 18, 2021 Form 4 Insider Report for Spark Networks SE (LOV)

Role: Officer
Signature: /s/ Gitte Bendzulla
Stock symbol: LOV
Transactions as of: Jun 18, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/21/2021, 01:10 PM
Next filing: Dec 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOV	American Depository Shares	Options Exercise	$0	+7.25K	+658.49%	$0.00	8.35K	Jun 18, 2021	Direct	F1
transaction	LOV	American Depository Shares	Tax liability	$0	-3.03K	-36.27%	$0.00	5.32K	Jun 18, 2021	Direct	F1

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	LOV	Stock Option	Options Exercise	$0	-7.25K	-25%	$0.00	21.8K	Jun 18, 2021	ADS	7.25K	$0.00	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Each American Depository Share ("ADS") represents 0.1 Ordinary Shares of Spark Networks SE (the "Company").
F2	Each stock option is granted under the Company's 2020 Long Term Incentive Plan and represents the right to receive, upon exercise, a certain amount in cash determined based on the relevant strike price of the option minus the strike price of such option; provided, however, that the Company may elect to settle options in ADSs or Ordinary Shares of the Company instead of cash at its sole discretion.
F3	Subject to the employee's continued service to the Company, (i) 25% of the total number of options granted to the employee vest 12 months after the grant date of such option, and (ii) an additional 6.25% of such options shall vest at the end of each additional three month period thereafter until the end of the 48th month after the relevant grant date.