Kimball C. Shill - May 15, 2023 Form 4 Insider Report for Cricut, Inc. (CRCT)

Role: Chief Financial Officer
Signature: /s/ Donald Olsen, by power of attorney
Stock symbol: CRCT
Transactions as of: May 15, 2023
Transactions value $: -$278,703
Form type: 4
Date filed: 5/17/2023, 04:56 PM
Previous filing: Mar 23, 2023
Next filing: Jul 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRCT	Class A Common Stock	Tax liability	-$279K	-34.3K	-3.71%	$8.12	890K	May 15, 2023	Direct	F1, F2
holding	CRCT	Class A Common Stock						614	May 15, 2023	By Spouse
holding	CRCT	Class A Common Stock						205	May 15, 2023	By Son

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of an RSU award granted to the reporting person on April 20, 2022.
F2	This total includes 9,872 dividend equivalent restricted stock units that were granted in connection with a special one-time cash dividend of $0.35 per share to holders of the issuer's stock, paid on February 15, 2023, to stockholders of record at the close of business on February 1, 2023. Holders of restricted stock units that were unvested on the record date were automatically credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the issuer's equity incentive documents.

Content

These shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of an RSU award granted to the reporting person on April 20, 2022.

This total includes 9,872 dividend equivalent restricted stock units that were granted in connection with a special one-time cash dividend of $0.35 per share to holders of the issuer's stock, paid on February 15, 2023, to stockholders of record at the close of business on February 1, 2023. Holders of restricted stock units that were unvested on the record date were automatically credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the issuer's equity incentive documents.