Kirk Somers - Oct 6, 2021 Form 4 Insider Report for Cardlytics, Inc. (CDLX)

Role
Chief Legal & Privacy Officer
Signature
/s/ Kirk L. Somers
Stock symbol
CDLX
Transactions as of
Oct 6, 2021
Transactions value $
$0
Form type
4
Date filed
10/6/2021, 06:10 PM
Previous filing
Aug 31, 2021
Next filing
Nov 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDLX Common Stock Options Exercise +15.6K +60.84% 41.3K Oct 6, 2021 Direct F1, 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 CDLX Performance Stock Unit Award $0 +31.3K $0.00 31.3K Oct 6, 2021 Common Stock 31.3K Direct F2, F3
transaction CDLX Performance Stock Unit Options Exercise $0 -15.6K -50% $0.00 15.6K Oct 6, 2021 Common Stock 15.6K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the underlying vested shares of common stock of the Issuer which have not been delivered.
F2 Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F3 On October 6, 2021 the Compensation Committee of the Issuer's Board of Directors certified that a target minimum number of advertisers with a specified billings threshold over a trailing 12-month period was achieved (the "Certification") resulting in the award of the tranche of the PSU grant related to achieving the advertiser count target ("advertiser tranche"). Fifty percent (50%) of the shares subject to the advertiser tranche of the awarded PSU vested upon the Certification, twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU will vest 6 months after the Certification, and twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU will vest 12 months after the Certification, subject to continued service to the Issuer.