Martin Picard - 01 Dec 2022 Form 4 Insider Report for Sonder Holdings Inc. (SOND)

Role
Chief Real Estate Officer
Signature
/s/ Ruby Alexander Attorney-in Fact for Martin Picard
Issuer symbol
SOND
Transactions as of
01 Dec 2022
Net transactions value
$0
Form type
4
Filing time
07 Dec 2022, 18:25:27 UTC
Previous filing
16 Sep 2022
Next filing
17 Mar 2023
SEC
View on sec.gov

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 Employee stock option (right to buy) Disposed to Issuer -1,048,544 -100% 0 01 Dec 2022 Common Stock 1,048,544 $2.55 Direct F1, F2
transaction SOND Employee stock option (right to buy) Award +1,048,544 1,048,544 01 Dec 2022 Common Stock 1,048,544 $1.74 Direct F2, F3, F4
transaction SOND Employee stock option (right to buy) Disposed to Issuer -139,210 -100% 0 01 Dec 2022 Common Stock 139,210 $2.85 Direct F1, F2
transaction SOND Employee stock option (right to buy) Award +139,210 139,210 01 Dec 2022 Common Stock 139,210 $1.74 Direct F2, F3, F4
transaction SOND Employee stock option (right to buy) Disposed to Issuer -38,395 -100% 0 01 Dec 2022 Common Stock 38,395 $2.85 Direct F1, F2
transaction SOND Employee stock option (right to buy) Award +38,395 38,395 01 Dec 2022 Common Stock 38,395 $1.74 Direct F2, F3, F4
transaction SOND Employee stock option (right to buy) Disposed to Issuer -1,376 -100% 0 01 Dec 2022 Common Stock 1,376 $2.85 Direct F1, F2
transaction SOND Employee stock option (right to buy) Award +1,376 1,376 01 Dec 2022 Common Stock 1,376 $1.74 Direct F2, F3, F4
transaction SOND Employee stock option (right to buy) Disposed to Issuer -61,776 -100% 0 01 Dec 2022 Common Stock 61,776 $2.93 Direct F1, F2
transaction SOND Employee stock option (right to buy) Award +61,776 61,776 01 Dec 2022 Common Stock 61,776 $1.74 Direct F2, F3, F4
transaction SOND Employee stock option (right to buy) Disposed to Issuer -1,487 -100% 0 01 Dec 2022 Common Stock 1,487 $3.00 Direct F1, F2
transaction SOND Employee stock option (right to buy) Award +1,487 1,487 01 Dec 2022 Common Stock 1,487 $1.74 Direct F2, F3, F4
transaction SOND Employee stock option (right to buy) Disposed to Issuer -243,391 -100% 0 01 Dec 2022 Common Stock 243,391 $6.09 Direct F1, F2
transaction SOND Employee stock option (right to buy) Award +243,391 243,391 01 Dec 2022 Common Stock 243,391 $1.74 Direct F2, F3, F4
transaction SOND Employee stock option (right to buy) Disposed to Issuer -23,166 -100% 0 01 Dec 2022 Common Stock 23,166 $8.23 Direct F1, F2
transaction SOND Employee stock option (right to buy) Award +23,166 23,166 01 Dec 2022 Common Stock 23,166 $1.74 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person agreed to certain amendments of their outstanding stock option pursuant to the terms of the issuer's one-time offer to reprice eligible options (the "Offer") described in the Tender Offer Statement on Schedule TO filed by the issuer with the Securities and Exchange Commission on October 18, 2022 (as amended, the "Schedule TO"). On December 1, 2022 (the "Repricing Date") the option award (the "Repriced Option") became 100% unvested and received a modified vesting schedule.
F2 The reporting person agreed to certain amendments of their outstanding stock option pursuant to the terms of the Offer included in the Schedule TO relating to a one-time offer by the issuer to reprice certain eligible options held by eligible employees (as defined in the Schedule TO).
F3 This reflects a modification in the exercise price and an adjustment of the vesting of the option award pursuant to the Offer.
F4 The reporting person agreed to certain amendments of their outstanding stock option pursuant to the terms of the Offer included in the Schedule TO relating to a one-time offer by the issuer to reprice certain eligible options held by eligible employees (as defined in the Schedule TO). Previously vested options and options that would vest from December 1, 2022 to December 1, 2023 will all vest on December 1, 2023 and thereafter in accordance with the original vesting schedule.