Lynne Laube - Apr 5, 2022 Form 4 Insider Report for Cardlytics, Inc. (CDLX)

Role
Chief Executive Officer, Director
Signature
/s/ Kirk Somers, Attorney-in-Fact
Stock symbol
CDLX
Transactions as of
Apr 5, 2022
Transactions value $
$0
Form type
4
Date filed
4/7/2022, 07:25 PM
Previous filing
Apr 5, 2022
Next filing
May 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDLX Common Stock Options Exercise $0 +6.62K +1.86% $0.00 362K Apr 5, 2022 Direct F1
transaction CDLX Common Stock Options Exercise $0 +14.1K +3.88% $0.00 377K Apr 6, 2022 Direct F1
holding CDLX Common Stock 14.6K Apr 5, 2022 See Footnote F2
holding CDLX Common Stock 14.6K Apr 5, 2022 See Footnote F3

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 Restricted Stock Unit Options Exercise $0 -6.62K -25% $0.00 19.9K Apr 5, 2022 Common Stock 6.62K Direct F4, F5
transaction CDLX Performance Stock Unit Options Exercise $0 -14.1K -50% $0.00 14.1K Apr 6, 2022 Common Stock 14.1K Direct F6, F7
* 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 The reportable securities are held by the 2013 Lynne Marie Laube GRAT fbo Keegan George Allbright.
F3 The reportable securities are held by the 2013 Lynne Marie Laube GRAT fbo Hayley Marie Allbright.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer, or at the election of the Issuer, its cash equivalent.
F5 The RSUs shall vest in equal amounts annually over four years on the anniversary of the date of grant, provided that the Reporting Person remains employed by the Issuer on such vesting date.
F6 Each performance stock unit ("PSU") represents a contingent right to receive one share of common stock of the Issuer, or at the election of the Issuer, its cash equivalent.
F7 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 vested 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.