Jason Makler - Mar 8, 2023 Form 4 Insider Report for Cricut, Inc. (CRCT)

Role
Director
Signature
/s/ Don Olsen, by power of attorney
Stock symbol
CRCT
Transactions as of
Mar 8, 2023
Transactions value $
$0
Form type
4
Date filed
3/9/2023, 03:03 PM
Previous filing
Feb 18, 2022
Next filing
Dec 1, 2023

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 CRCT Class B Common Stock Other +378K +69.41% 922K Mar 8, 2023 Class A Common Stock 378K See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 8, 2023, Petrus Employee Profit Share, L.P. (PAM2) distributed, without consideration and in accordance with its partnership agreement, 1,351,188 shares of Class B Common Stock to its limited partners, including the reporting person. The limited partners of PAM2 are employees of the Petrus Asset Management Company division of the Petrus Trust Company, LTA (PTC), and PAM2's shares are being distributed to the employee limited partners in five annual distributions starting in 2022. The distribution is exempt under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the Act).
F2 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F3 The shares are held by the Jason and Alisa Makler Living Trust for which the reporting person serves as co-trustee.