CHRISTOPHER MICHAEL BERRY - 15 Aug 2023 Form 4 Insider Report for Sonder Holdings Inc. (SOND)

Role
SVP, Chief Accounting Officer
Signature
/s/ Ruby Alexander Attorney-in Fact for Christopher Michael Berry
Issuer symbol
SOND
Transactions as of
15 Aug 2023
Net transactions value
+$8,908
Form type
4
Filing time
17 Aug 2023, 16:56:07 UTC
Previous filing
16 May 2023
Next filing
13 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOND Common Stock Options Exercise +125,000 +137% 216,000 15 Aug 2023 Direct F1
transaction SOND Common Stock Purchase $8,908 +18,180 +8.4% $0.4900 234,180 17 Aug 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 SOND Restricted Stock Units Options Exercise $0 -125,000 -25% $0.000000 375,000 15 Aug 2023 Common Stock 125,000 Direct F1, F3, F4
* 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 The purchase executed in multiple transactions all at the same price per share. This does not represent a weighted average price.
F3 The reporting person declined to have shares sold to cover the taxes associated with the vesting of restricted stock, and instead chose to personally pay cash in order to cover the required tax obligation.
F4 RSUs vest 25% one year from the grant date and 1/16 quarterly thereafter, subject to continued employment.