Carl A. Grimstad - 03 Jan 2024 Form 4 Insider Report for Waitr Holdings Inc.

Role: Chief Executive Officer, Director
Signature: /s/ Annette Finch, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 03 Jan 2024
Net transactions value: -$1,038
Form type: 4
Filing time: 04 Jan 2024, 18:46:08 UTC
Previous filing: 12 Apr 2023
Next filing: 12 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASAP	Common Stock	Options Exercise	$0	+58,333	+64%	$0.000000	149,802	03 Jan 2024	Direct
transaction	ASAP	Common Stock	Tax liability	$1,038	-17,296	-12%	$0.0600	132,506	03 Jan 2024	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) - 042321	Options Exercise	$0	-58,333	-50%	$0.000000	58,334	03 Jan 2024	Common Stock	58,333		Direct	F1
holding	ASAP	Restricted Stock Units (RSUs) - 042320						156,716	03 Jan 2024	Common Stock	156,716		Direct	F2
holding	ASAP	Restricted Stock Units (RSUs) - 041122						133,334	03 Jan 2024	Common Stock	133,334		Direct	F3
holding	ASAP	Stock Options - 010320						478,619	03 Jan 2024	Common Stock	478,619	$7.40	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one share of the Issuer's common stock. The grant of 175,000 RSUs was made to the Reporting Person on April 23, 2021. The RSUs shall vest in three (3) equal installments on the first, second and third anniversaries of January 3, 2022, subject to the Reporting Person's continued employment through the applicable vesting date; provided further, that, the RSUs vest upon (i) a Corporate Change (as defined in the Reporting Person's employment agreement), subject to the Reporting Person's continued employment through the closing of such Corporate Change, (ii) termination by the Reporting Person of the employment agreement for Good Reason (as defined therein), or (iii) termination by the Company of the employment agreement for other than Misconduct (as defined therein).
F2	Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs shall vest upon the consummation of a Corporate Change (as defined in the Reporting Person's employment agreement), provided that the employment agreement has not been previously terminated; provided further, that, the RSUs shall fully vest upon the termination of the employment agreement by the Reporting Person for Good Reason (as defined therein) of by the Company for reason other than Misconduct (as defined therein).
F3	Each RSU represents a contingent right to receive one share of the Issuer's common stock. The grant of 200,000 RSUs was made to the Reporting Person on April 11, 2022. The RSUs shall vest in three generally equal installments on the first, second and third anniversaries of such grant date, subject to the Reporting Person's continued employment through the applicable vesting date; provided further, that, the RSUs vest upon (i) a Corporate Change (as defined in the Reporting Person's employment agreement), subject to the Reporting Person's continued employment through the closing of such Corporate Change, (ii) termination by the Reporting Person of the employment agreement for Good Reason (as defined therein), or (iii) termination by the Company of the employment agreement for other than Misconduct (as defined therein).
F4	The Reporting Person's right to purchase the shares of the Issuer's common stock vested and became exercisable as follows: (i) 1/2 of the option vested and became exercisable on January 2, 2021 and (ii) 1/2 of the option vested and became exercisable on January 2, 2022.