Terri Leitgeb - Feb 25, 2023 Form 4 Insider Report for Blue Apron Holdings, Inc. (APRN)

Role
Chief People Officer
Signature
/s/ Meredith L. Deutsch, as attorney-in-fact for Theresa Leitgeb
Stock symbol
APRN
Transactions as of
Feb 25, 2023
Transactions value $
-$777
Form type
4
Date filed
2/28/2023, 06:14 PM
Previous filing
Nov 29, 2022
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APRN Class A Common Stock Options Exercise +2.68K +23.19% 14.2K Feb 25, 2023 Direct F1
transaction APRN Class A Common Stock Sale -$777 -928 -6.53% $0.84* 13.3K Feb 28, 2023 Direct 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 APRN Restricted Stock Units Options Exercise $0 -2.68K -10% $0.00 24.1K Feb 25, 2023 Class A Common Stock 2.68K Direct F1, F3
transaction APRN Restricted Stock Units Award $0 +37.5K $0.00 37.5K Feb 25, 2023 Class A Common Stock 37.5K Direct F1, F4
transaction APRN Performance Stock Units Award $0 +37.5K $0.00 37.5K Feb 25, 2023 Class A Common Stock 37.5K Direct F5, F6
transaction APRN Restricted Stock Units Award $0 +30K $0.00 30K Feb 25, 2023 Class A Common Stock 30K Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis. This transaction represents the settlement of RSUs in shares of Class A Common Stock on their scheduled vesting date.
F2 Represents the shares automatically sold by the reporting person to satisfy tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale does not represent a discretionary trade by the reporting person.
F3 On February 25, 2022, the reporting person was granted RSUs, of which 25% vested on May 25, 2022 and the remaining 24,095 unvested RSUs reflected in Table II above will vest in equal quarterly installments (on each August 25, November 25, February 25, and May 25) through May 25, 2025.
F4 On February 25, 2023, the reporting person was granted RSUs, which will vest in equal quarterly installments (on each May 25, August 25, November 25, and February 25) through February 25, 2026.
F5 Each performance stock unit ("PSU") represents the right to receive one share of Class A Common Stock.
F6 On February 25, 2023, the reporting person was granted PSUs. The number of PSUs that could be earned and vest under this grant depend on the issuer's total shareholder return ("TSR") over the performance period beginning January 1, 2023 and ending December 31, 2025 relative to the TSR of the group companies in the Russell 2000 Index. The number of shares shown is the target award level. The actual number of shares that may vest ranges from 0% to 200% of the target amount.
F7 On February 25, 2023, the reporting person was granted RSUs, 100% of the RSUs shall vest on the one-year anniversary of February 25, 2023.