Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SVCO | Common Stock | Award | $0 | +4.59M | +391.11% | $0.00 | 5.76M | Jul 31, 2024 | Direct | F1, F2, F3 |
Id | Content |
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F1 | Includes an award of 15,000 restricted stock units (RSUs) granted on May 24, 2021, with a vesting start date of January 1, 2021, under the Company's Amended and Restated Stock Incentive Plan (2014 Plan) that are subject to both a time-based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement was met upon the consummation of the IPO. Upon the closing of the IPO, the time-based vesting requirement was be satisfied with respect to 13,125 shares. The remaining 1,875 shares will satisfy the time-based vesting requirement in equal quarterly installments from July 1, 2024 to January 1, 2025, subject to the reporting person's continuous service through each applicable vesting date. |
F2 | Includes an award of 3,750 RSUs granted on April 22, 2022, with a vesting start date of January 1, 2022, under the 2014 Plan that are subject to both a time-based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement was met upon the consummation of the IPO. Upon the closing of the IPO, the time-based vesting requirement was satisfied with respect to 2,343 RSUs. The remaining 1,407 shares will satisfy the time-based vesting requirement in equal quarterly installments from July 1, 2024 to January 1, 2026, subject to the reporting person's continuous service through each applicable vesting date. |
F3 | Includes an award of 5,000 RSUs granted on November 30, 2023, with a vesting start date of December 1, 2023, under the 2014 Plan. These RSUs will vest in full upon the one-year anniversary of the vesting start date, subject to the reporting person's continuous service through the vesting date. |