Ryan Harmer - Jul 19, 2024 Form 4 Insider Report for Cricut, Inc. (CRCT)

Role: Principal Accounting Officer
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

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRCT	Class A Common Stock	Award	$0	+12.2K	+4.47%	$0.00	285K	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)						10K	Jul 19, 2024	Class A Common Stock	10K	$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) 3,796 vest in four equal annual installments beginning on March 1, 2021 and (ii) 6,212 vest in four equal annual installments beginning on August 17, 2021.