Arora Ashish - Nov 16, 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
Nov 16, 2023
Transactions value $
$0
Form type
4
Date filed
11/16/2023, 05:27 PM
Previous filing
Aug 21, 2023
Next filing
Feb 21, 2024

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 Employee Stock Option (right to buy) 2.22M Nov 16, 2023 Class A Common Stock 2.22M $18.65 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects equitable adjustment to the option exercise price pursuant to the underlying plan in connection with Cricut's special cash dividends declared on December 21, 2022 and May 18, 2023. Pursuant to the adjustment, the exercise price was reduced by $1.35.
F2 Shares subject to the option vest as follows: (i) 1,110,547 vest in four equal annual installments beginning on July 1, 2019; (ii) 261,671 vest in four equal annual installments beginning on March 1, 2021 and (iii) 846,671 vest in four equal annual installments beginning on August 17, 2021.