Francis Davidson - May 15, 2022 Form 4 Insider Report for Sonder Holdings Inc. (SOND)

Role
Chief Executive Officer, Director
Signature
/s/ Ruby Alexander Attorney-in Fact for Francis Davidson
Stock symbol
SOND
Transactions as of
May 15, 2022
Transactions value $
$0
Form type
4
Date filed
5/16/2022, 09:50 PM
Previous filing
Jan 25, 2022
Next filing
Dec 7, 2022

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 SOND Restricted Stock Units Award $0 +9.3M $0.00 9.3M May 15, 2022 Common 9.3M $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit, or RSU, represents a contingent right to receive one share of common stock.
F2 1/6th of the RSUs vest on the date on which the Common Share Price (as defined in the Management Equity Incentive Plan) is equal to or greater than $13.00 (Triggering Event I), 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $15.50 (Triggering Event II), 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $18.00 (Triggering Event III), 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $20.50 (Triggering Event IV), 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $23.00 (Triggering Event V), and 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $25.50 (Triggering Event VI).
F3 The performance period for the RSUs expires on July 17, 2027. Vesting of the RSUs is subject to continued employment through the applicable vesting date.