Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LDI | Class A Common Stock | Options Exercise | +2.23K | +100% | 4.46K | Aug 6, 2021 | Direct | F1, F2, F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LDI | Restricted Stock Units | Options Exercise | $0 | -2.23K | -33.33% | $0.00 | 4.47K | Aug 6, 2021 | Class A Common Stock | 2.23K | Direct | F2, F4, F5 |
Id | Content |
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F1 | As per the Restricted Stock Unit Award Agreement dated May 6, 2021, between the Filer and the Issuer, within thirty (30) days following the vesting of the RSUs, the Issuer shall deliver to Filer the number of shares of Issuer's Class A Common Stock that correspond to the number of RSUs that have become vested on the vesting date or, at the discretion of the Compensation Committee, its cash equivalent. |
F2 | RSUs vested on 6/30/2021 but did not settle until 8/6/2021 when the Issuer's trading blackout period ended and trading was permitted to commence. |
F3 | Restricted stock units convert into shares of Class A common stock on a one-for-one basis. |
F4 | Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock |
F5 | Restricted Stock Units ("RSUs") settle in shares of Class A common stock and vest in 3 installments of 2,232 each on May 6, 2021, June 30, 2021 and September 30, 2021 and a final installment of 2,233 on December 31, 2021. Issuer to deliver underlying shares or cash equivalent within 30 days of each vesting date. |