Ashish Arora - 27 Aug 2024 Form 4 Insider Report for Cricut, Inc. (CRCT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Don Olsen, by power of attorney
Issuer symbol
CRCT
Transactions as of
27 Aug 2024
Net transactions value
$0
Form type
4
Filing time
27 Aug 2024, 17:33:06 UTC
Previous filing
19 Aug 2024
Next filing
21 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRCT Class A Common Stock Conversion of derivative security +1,530,000 +61% 4,035,840 27 Aug 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
transaction CRCT Class B Common Stock Conversion of derivative security $0 -1,530,000 -6.1% $0.000000 23,554,801 27 Aug 2024 Class A Common Stock 1,530,000 Direct F1
holding CRCT Class B Common Stock 1,535,105 27 Aug 2024 Class A Common Stock 1,535,105 See footnote F2, F3
holding CRCT Class B Common Stock 456,839 27 Aug 2024 Class A Common Stock 456,839 See footnote F2, F4
holding CRCT Class B Common Stock 456,839 27 Aug 2024 Class A Common Stock 456,839 See footnote F2, F5
holding CRCT Class B Common Stock 627,745 27 Aug 2024 Class A Common Stock 627,745 See footnote F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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. The conversion transactions reported herein are exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. Such conversion transactions are being effected in connection with a Rule 10b5-1 trading plan that the reporting person has entered into that is currently subject to a cooling-off period.
F2 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. The conversion transactions reported herein are exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
F3 The shares are held by the Rushil Arora Trust dated January 20, 2021 for which the reporting person and his spouse serve as trustees.
F4 The shares are held by the Ashish Chandra Arora 2021 GRAT dated January 20, 2021 for which the reporting person serves as trustee.
F5 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.
F6 The shares are held by the Arora Trust dated February 14, 2012 for which the reporting person and his spouse serve as trustees.