Suaad H. Sait - 01 May 2021 Form 3 Insider Report for SharpSpring, Inc.

Role
President
Signature
Suaad Sait
Issuer symbol
N/A
Transactions as of
01 May 2021
Net transactions value
$0
Form type
3
Filing time
11 May 2021, 16:00:31 UTC
Next filing
03 Sep 2021
SEC
View on sec.gov

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
holding SHSP Restricted Stock Units 01 May 2021 Common Stock 125,000 $16.50 Direct F1
holding SHSP Stock Option (Right to Buy) 01 May 2021 Common Stock 125,000 $16.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") vest over three (3) years, with 33.3% of the RSUs vesting on the one-year anniversary of the date of the grant and the remaining 66.6% of the RSUs vesting on a quarterly basis thereafter.
F2 The stock options vest over 4-year period, with 25% vesting on the one-year anniversary of the grant date and an additional 1/48 of the original number of options vests monthly thereafter.