Arora Ashish - Aug 27, 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
Aug 27, 2024
Transactions value $
$0
Form type
4
Date filed
8/27/2024, 05:33 PM
Previous filing
Aug 19, 2024

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 +1.53M +61.06% 4.04M Aug 27, 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 -1.53M -6.1% $0.00 23.6M Aug 27, 2024 Class A Common Stock 1.53M Direct F1
holding CRCT Class B Common Stock 1.54M Aug 27, 2024 Class A Common Stock 1.54M See footnote F2, F3
holding CRCT Class B Common Stock 457K Aug 27, 2024 Class A Common Stock 457K See footnote F2, F4
holding CRCT Class B Common Stock 457K Aug 27, 2024 Class A Common Stock 457K See footnote F2, F5
holding CRCT Class B Common Stock 628K Aug 27, 2024 Class A Common Stock 628K 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.