Conal B. Thompson - Jun 1, 2022 Form 4 Insider Report for HireRight Holdings Corp (HRT)

Role: Chief Technology Officer
Signature: /s/ Brian W. Copple as attorney-in-fact for Conal B. Thompson
Stock symbol: HRT
Transactions as of: Jun 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/6/2022, 03:13 PM
Previous filing: Apr 7, 2022
Next filing: Nov 22, 2022

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	HRT	Restricted Stock Unit (RSU)	Award	$0	+104K		$0.00	104K	Jun 1, 2022	Common Stock	104K	$0.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit (RSU) represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F2	Up to 20% of the RSUs can vest as a function of timely completion of various critical quarterly technology development milestones through July 2023, with some RSUs subject to cancelation before vesting if quarterly development milestones are missed, and with the remaining RSUs either (i) vesting as a function of completion of all such milestones by the end of October 2023, together with continued service for six months following successful completion of all such milestones, or (ii) lapsing if all milestones are not completed by the end of October 2023 or if the reporting person's employment terminates within six months following successful completion of all such milestones due to the reporting person's resignation without breach by the Company of the reporting person's employment terms, or termination by the Company of the reporting person's employment for cause.

Content

Each restricted stock unit (RSU) represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.

Up to 20% of the RSUs can vest as a function of timely completion of various critical quarterly technology development milestones through July 2023, with some RSUs subject to cancelation before vesting if quarterly development milestones are missed, and with the remaining RSUs either (i) vesting as a function of completion of all such milestones by the end of October 2023, together with continued service for six months following successful completion of all such milestones, or (ii) lapsing if all milestones are not completed by the end of October 2023 or if the reporting person's employment terminates within six months following successful completion of all such milestones due to the reporting person's resignation without breach by the Company of the reporting person's employment terms, or termination by the Company of the reporting person's employment for cause.