| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MOND | Class A Common Stock, par value $0.0001 per share | Award | +19.2K | 19.2K | Apr 24, 2023 | Direct | F1, F2 | |||
| transaction | MOND | Class A Common Stock, par value $0.0001 per share | Award | +4.19K | +21.86% | 23.4K | Apr 24, 2023 | Direct | F1, F3 |
| Id | Content |
|---|---|
| F1 | Restricted stock units ("RSUs") granted to the Reporting Person on April 24, 2023 under the Mondee Holdings, Inc. 2022 Equity Incentive Plan and applicable restricted stock unit award agreement (the "RSU Award Agreement") in connection with the Reporting Person's employment as general counsel of Mondee Holdings, Inc., a Delaware corporation (the "Issuer"). Each RSU is the economic equivalent of one share of Class A common stock, par value $0.0001 per share, of the Issuer (the "Common Stock"). RSUs accrue dividend equivalents in the form of additional RSUs and are payable in shares of Common Stock upon vesting. |
| F2 | Under the RSU Award Agreement, the Reporting Person is to receive an annual grant of RSUs on the start day of each employment year with a value of $300,000, using the 20-day volume weighted average price of the Common Stock ("VWAP") to determine the number of RSUs to be granted. For the 2023 annual grant, the Reporting Person received a pro-rated grant of 19,165 RSUs with a value of $205,833, calculated using the 20-day VWAP as of April 24, 2023, which was $10.74 per share of Common Stock. Such RSUs vest as follows: 5,199 RSUs vest on June 30, 2023, and 6,938 RSUs vest on each of September 30, 2023 and December 31, 2023. |
| F3 | Under the RSU Award Agreement, the Reporting Person received a one-time grant of 4,190 RSUs with a value of $45,000, calculated using the 20-day VWAP of the Common Stock as of April 24, 2023, which was $10.74 per share of Common Stock. Such RSUs vest on April 24, 2024. |