Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AYX | Class A Common Stock | Award | $246K | +5.18K | +14.19% | $47.52 | 41.7K | Feb 5, 2024 | Direct | F1, F2 |
Id | Content |
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F1 | Represents an award of performance-based restricted stock units ("PRSUs"). The performance-based conditions of these PRSUs were satisfied by the achievement of an annualized recurring revenue target and a non-GAAP operating margin target during the performance period of January 1, 2023 through December 31, 2023, subject to the status of "Participant's Service" (as defined in the Amended & Restated 2017 Equity Incentive Plan) through the certification date by the Issuer's Compensation Committee. The PRSUs will vest as follows: (a) 4/12 of the earned PRSUs will vest on March 1, 2024 ("Vesting Start Date") and, thereafter (b) 1/12 of the earned PRSUs will vest on each of the eight (8) designated quarterly vesting dates following the Vesting Start Date, subject to the status of "Participant's Service" on each vesting date. Each PRSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration. |
F2 | Includes 28,894 unvested shares subject to awards of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration. Shares of the Issuer's Class A Common Stock will be delivered to the Reporting Person following vesting. |