Timothy Alan Newton - Jan 17, 2023 Form 4 Insider Report for Waitr Holdings Inc. (ASAP)

Role: Chief Technology Officer
Signature: Annette Finch, as Attorney-in-Fact
Stock symbol: ASAP
Transactions as of: Jan 17, 2023
Transactions value $: -$1,084
Form type: 4
Date filed: 1/18/2023, 05:48 PM
Previous filing: Mar 16, 2022
Next filing: Jan 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASAP	Common Stock	Options Exercise	$0	+4.17K	+1780.34%	$0.00	4.4K	Jan 17, 2023	Direct	F1
transaction	ASAP	Common Stock	Tax liability	-$1.08K	-1.51K	-34.27%	$0.72	2.89K	Jan 17, 2023	Direct

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	ASAP	Restricted Stock Units (RSUs) - 011722	Options Exercise	$0	-4.17K	-33.33%	$0.00	8.33K	Jan 17, 2023	Common Stock	4.17K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	On November 22, 2022, the Issuer effected a one-for-twenty reverse stock split (the "Reverse Stock Split") of all of its issued and outstanding shares of common stock ("Common Stock"), which resulted in the Reporting Person's ownership of issued and outstanding Common Stock being reduced from 4,672 shares of Common Stock to 234 shares of Common Stock as of November 22, 2022.
F2	The Reverse Stock Split also impacted outstanding derivative securities issued pursuant to the Issuer's 2018 Amended and Restated Omnibus Incentive Plan, which resulted in the Reporting Person's ownership of derivative securities being reduced accordingly.
F3	Each RSU represents a contingent right to receive one share of the issuer's common stock or an equivalent amount in cash (or partly in cash and partly in shares). One-third of the grant of 12,500 RSUs (as adjusted for the Reverse Stock Split) shall vest each year over the course of three years, pursuant to the Restricted Stock Unit Award Agreement entered into by the Reporting Person as of January 17, 2022, beginning on the first anniversary of such date and continuing thereafter, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date, provided that the RSUs shall fully vest in the event of a Change in Control (as defined in the Waitr Holdings Inc. Amended and Restated 2018 Omnibus Incentive Plan).