Ciaran Joseph Long - 15 May 2024 Form 4 Insider Report for A.K.A. BRANDS HOLDING CORP. (AKA)

Signature
/s/ Ciaran Long
Issuer symbol
AKA
Transactions as of
15 May 2024
Net transactions value
$0
Form type
4
Filing time
23 May 2024, 10:36:16 UTC
Previous filing
18 Apr 2024
Next filing
14 Aug 2024

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 AKA Performance Stock Units Award $0 +150,000 $0.000000 150,000 15 May 2024 Common Stock 150,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance stock units, each of which represents a contingent right to receive one share of common stock, $0.001 par value per share ("Common Stock"), of a.k.a. Brands Holding Corp. (the "Company"). The performance stock units vest in ten separate tranches based on the achievement of predetermined price per share goals for each tranche. The performance stock units vest on the later of (i) April 1, 2025 and (ii) the date on which the price per share goal of the applicable tranche is met, as set forth in the performance stock unit award agreement, and subject to the Reporting Person's continued service with the Company through such date, subject to the terms set forth in the performance stock unit award agreement. The achievement of the price per share goal will be determined based on the trailing 30-day average closing price of the Common Stock or, in the event of a change in control of the Company, the consideration paid by an acquiror.
F2 Represents the number of shares of Common Stock that would be earned if the price per share goals are achieved for all ten award tranches.