Timothy E. Lee - Nov 19, 2022 Form 4 Insider Report for Wejo Group Ltd (WEJOQ)

Role
Director
Signature
/s/ Mina Bhama, attorney-in-fact for Timothy E. Lee
Stock symbol
WEJOQ
Transactions as of
Nov 19, 2022
Transactions value $
$36,500
Form type
4
Date filed
4/5/2023, 04:03 PM
Previous filing
Jul 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEJOQ Common Shares Options Exercise $0 +470K +15.58% $0.00 3.49M Nov 19, 2022 Direct F1
transaction WEJOQ Common Shares Award $36.5K +82.6K +2.37% $0.44* 3.57M Apr 4, 2023 Direct F2
holding WEJOQ Common Shares 108K Nov 19, 2022 By Calibogue Capital Fund One LLC

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 Unit Options Exercise $0 -470K -50% $0.00 470K Nov 19, 2022 Common Shares 470K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Common Shares issued on the settling of vested restricted share units ("RSUs") awarded to the Reporting Person on November 19, 2021. Under the terms of the applicable award agreement, 50% of the RSUs settle on each of November 19, 2022 and November 19, 2023, with the form of such payment being made 60% in Common Shares and 40% in cash, or such other mix of Common Shares and cash as determined in the discretion of the Company's Compensation Committee, as provided by the terms of the applicable award agreement. On November 17, 2022, the Compensation Committee resolved to settle the first 50% of the RSUs 100% in Common Shares.
F2 Represents fully vested Common Shares issued in payment of the Reporting Person's retainer fees for Board and Committee service for the quarters ended September 30, 2022 and December 31, 2022 in the aggregate amount of $36,500 in lieu of cash under the Company's temporary Board retainer payment program, which was approved by the Company's Board of Directors on October 14, 2022.