Clinton Larry Stinchcomb - Aug 12, 2024 Form 4 Insider Report for CuriosityStream Inc. (CURI)

Role: President and CEO, Director
Signature: /s/ P. Brady Hayden as attorney-in-fact for Clint Stinchcomb
Stock symbol: CURI
Transactions as of: Aug 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/14/2024, 03:52 PM
Previous filing: Jul 30, 2024
Next filing: Aug 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CURI	Common Stock	Options Exercise		+1.06M	+107.17%		2.05M	Aug 12, 2024	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	CURI	Restricted Stock Units	Options Exercise	$0	-1.06M	-50%	$0.00	1.06M	Aug 12, 2024	Common Stock	1.06M		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On May 8, 2024 ("Grant Date"), the Company granted Clint Stinchcomb 2,125,000 restricted stock units ("RSUs") under the 2020 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of common stock. On August 12, 2024, the Board and Compensation Committee determined that the Company met the performance condition of $3,000,000 in adjusted free cash flow and, as a result, 1,062,500 of these RSUs vested. The remaining 1,062,500 RSUs will vest upon the Company's achieving $5,300,000 in adjusted free cash flow ("Second Performance Condition"). If the Second Performance Condition is not met, these RSUs will vest in three annual installments on each of the first, second, and third anniversaries of the Grant Date. Vesting is subject to continued employment on each applicable vesting date.

Content

On May 8, 2024 ("Grant Date"), the Company granted Clint Stinchcomb 2,125,000 restricted stock units ("RSUs") under the 2020 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of common stock. On August 12, 2024, the Board and Compensation Committee determined that the Company met the performance condition of $3,000,000 in adjusted free cash flow and, as a result, 1,062,500 of these RSUs vested. The remaining 1,062,500 RSUs will vest upon the Company's achieving $5,300,000 in adjusted free cash flow ("Second Performance Condition"). If the Second Performance Condition is not met, these RSUs will vest in three annual installments on each of the first, second, and third anniversaries of the Grant Date. Vesting is subject to continued employment on each applicable vesting date.