Arora Ashish - May 15, 2023 Form 4 Insider Report for Cricut, Inc. (CRCT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Don Olsen, by power of attorney
Stock symbol
CRCT
Transactions as of
May 15, 2023
Transactions value $
-$1,766,409
Form type
4
Date filed
5/17/2023, 05:36 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 -$1.77M -218K -9.22% $8.12 2.14M May 15, 2023 Direct F1, 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
holding CRCT Class B Common Stock 25.1M May 15, 2023 Class A Common Stock 25.1M Direct F3, F4
holding CRCT Class B Common Stock 1.54M May 15, 2023 Class A Common Stock 1.54M See footnote F3, F5
holding CRCT Class B Common Stock 457K May 15, 2023 Class A Common Stock 457K See footnote F3, F6
holding CRCT Class B Common Stock 457K May 15, 2023 Class A Common Stock 457K See footnote F3, F7
holding CRCT Class B Common Stock 628K May 15, 2023 Class A Common Stock 628K See footnote F3, F8
* 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 47,408 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.
F3 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.
F4 Reflects a correction of an overreporting of Class B Common Stock in the reporting person's Form 3 filed on March 25, 2021.
F5 The shares are held by the Rushil Arora Trust dated January 20, 2021 for which the reporting person and his spouse serve as trustees.
F6 The shares are held by the Ashish Chandra Arora 2021 GRAT dated January 20, 2021 for which the reporting person serves as trustee.
F7 The shares are held by the Mridu Vashist Arora 2021 GRAT dated January 20, 2021 for which the reporting person's spouse serves as trustee.
F8 The shares are held by the Arora Trust dated February 14, 2012 for which the reporting person and his spouse serve as trustees.