Richard Michael Barlow - Jul 15, 2022 Form 4 Insider Report for Wejo Group Ltd (WEJOQ)

Signature
/s/ Mina Bhama, attorney-in-fact for Richard Michael Barlow
Stock symbol
WEJOQ
Transactions as of
Jul 15, 2022
Transactions value $
$0
Form type
4
Date filed
7/19/2022, 04:13 PM
Previous filing
Nov 19, 2021
Next filing
Jul 29, 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 WEJOQ Restricted Share Units Award $0 +4.7M $0.00 4.7M Jul 15, 2022 Common Shares 4.7M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted share units (that settle for Common Shares) ("RSUs") equal to 5% of the number of the Common Shares outstanding as of the closing of the business combination between Wejo Group Limited (the "Company"), certain of its affiliates, and Virtuoso Acquisition Corp. on November 18, 2021 that vest if the price of Common Shares equals or exceeds $50.00 on any twenty trading days in any thirty trading day period ("Share Price Condition") between November 18, 2026 and November 18, 2031. Under the RSU Award Agreement between the Company and Reporting Person, dated July 15, 2022, if the Share Price Condition is satisfied on or before November 17, 2026, the RSUs will lapse and Reporting Person may exchange the 4,697,511 B shares Reporting Person holds in Wejo Limited ("WL") for an equal number of Common Shares of the Company under that certain Subscription Agreement Relating to B Ordinary Shares in the Capital of WL by and among the Company, Reporting Person and WL, dated July 15, 2022.