Arora Ashish - Jul 19, 2024 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
Jul 19, 2024
Transactions value $
$0
Form type
4
Date filed
7/22/2024, 07:16 PM
Previous filing
Jul 1, 2024
Next filing
Aug 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRCT Class A Common Stock Award $0 +183K +7.08% $0.00 2.77M Jul 19, 2024 Direct F1

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 Jul 19, 2024 Class A Common Stock 2.22M $18.25 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This reflects dividend equivalent restricted stock units that were granted in connection with a special one-time cash dividend of $.40 per share and a recurring semi-annual cash dividend of $.10 per share to holders of the issuer's stock, paid on July 19, 2024, to stockholders of record at the close of business on July 2, 2024. 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.
F2 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, May 18, 2023, and May 7, 2024. Pursuant to the adjustment, the exercise price was reduced by $1.75.
F3 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.