Kirk L. Somers - 06 Oct 2021 Form 4 Insider Report for Cardlytics, Inc. (CDLX)

Role
Chief Legal & Privacy Officer
Signature
/s/ Kirk L. Somers
Issuer symbol
CDLX
Transactions as of
06 Oct 2021
Net transactions value
$0
Form type
4
Filing time
06 Oct 2021, 18:10:46 UTC
Previous filing
31 Aug 2021
Next filing
08 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDLX Common Stock Options Exercise +15,625 +61% 41,307 06 Oct 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 +31,250 $0.000000 31,250 06 Oct 2021 Common Stock 31,250 Direct F2, F3
transaction CDLX Performance Stock Unit Options Exercise $0 -15,625 -50% $0.000000 15,625 06 Oct 2021 Common Stock 15,625 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.