Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SPCE | Performance Stock Options | Award | $0 | +406K | $0.00 | 406K | Mar 17, 2022 | Common Stock | 406K | $8.99 | Direct | F2 |
Id | Content |
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F1 | Represents an award of Restricted Stock Units (the "RSUs"), which will vest with respect to 25% of the RSUs on March 17, 2023, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 17, 2023, subject to the reporting person's continued service through the applicable vesting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. |
F2 | Represents an award of Performance Stock Options ("PSOs"), each representing a contingent right to receive one share of the Issuer's common stock. The PSOs will vest with respect to (i) 25% of the PSOs when the volume weighted average price of the Issuer's common stock for a period of 20 consecutive trading days (the "20-day VWAP") equals or exceeds $10.00 per share, (ii) 25% of the PSOs when the 20-day VWAP equals or exceeds $12 per share, (iii) 25% of the PSOs when the 20-day VWAP equals or exceeds $15 per share and (iv) 25% of the PSOs when the 20-day VWAP equals or exceeds $18.00 per share, subject to the reporting person's continued service through the applicable vesting date. Any unvested PSOs will be forfeited on the fourth anniversary of the grant date. |
Reporting person's title: Chief Executive Officer and President