Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PRCH | Common Stock | Award | $0 | +70.1K | +53.47% | $0.00 | 201K | Jun 8, 2024 | Direct | F1 |
transaction | PRCH | Common Stock | Other | $0 | -89.5K | -44.5% | $0.00 | 112K | Jun 8, 2024 | Direct | F2 |
Id | Content |
---|---|
F1 | Represents an annual grant of fully vested restricted stock units ("RSUs") for Board and Committee service under the Issuer's Non-Employee Director Compensation Policy (the "Policy"). The RSUs were granted to correct the previously reported June 8, 2023 annual grant of RSUs, pursuant to which the Reporting Person was not granted the appropriate number of RSUs under the Policy. In addition, the RSUs were granted fully vested on June 8, 2024 in order to make such correction as of the applicable vesting date for the previously reported 2023 annual grant. Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. The common stock will have resale restrictions pursuant to which two-thirds of the common stock may not be sold after June 8, 2024. The resale restrictions expire in equal increments on the first and second anniversaries of June 8, 2024. See Footnote 2 for a related cancellation of the previously reported 2023 annual grant. |
F2 | Represents the cancellation of the previously reported 2023 annual grant for Board and Committee service under the Policy. The shares are being cancelled without value to correct the previously reported 2023 annual grant, pursuant to which the Reporting Person was not granted the appropriate number of RSUs under the Policy. |