Clinton Larry Stinchcomb - 05 Nov 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
Issuer symbol
CURI
Transactions as of
05 Nov 2024
Net transactions value
-$1,043,460
Form type
4
Filing time
06 Nov 2024, 12:55:16 UTC
Previous filing
04 Nov 2024
Next filing
25 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CURI Common Stock Options Exercise +1,062,500 +67% 2,638,560 05 Nov 2024 Direct F1
transaction CURI Common Stock Options Exercise +40,429 +1.5% 2,678,989 05 Nov 2024 Direct F1
transaction CURI Common Stock Tax liability $1,043,460 -432,971 -16% $2.41 2,246,018 05 Nov 2024 Direct F2

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 -1,062,500 -100% $0.000000 0 05 Nov 2024 Common Stock 1,062,500 Direct F1
transaction CURI Restricted Stock Units Options Exercise $0 -40,429 -100% $0.000000 0 05 Nov 2024 Common Stock 40,429 Direct F3
* 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 represented a contingent right to receive one share of common stock. On August 12, 2024, the Board determined that the Company met the performance condition of achieving $3,000,000 in adjusted free cash flow and, as a result, 1,062,500 of these RSUs vested on that date. On November 5, 2024, the Board determined that the Company met the performance condition of achieving $5,300,000 in adjusted free cash flow and, as a result, the remaining 1,062,500 of these RSUs vested.
F2 Represents the withholding of shares of the Company's common stock for tax purposes in connection with the vesting of restricted stock units previously granted.
F3 On November 5, 2024, 40,429 restricted stock units previously granted to Mr. Stinchcomb on November 5, 2020 vested and converted into shares of the Company's common stock on a one-to-one basis.