Joseph Francis Jordan - Nov 23, 2023 Form 4 Insider Report for ATI Physical Therapy, Inc. (ATIP)

Role
Chief Financial Officer
Signature
Erik Kantz as Attorney-in-Fact for Reporting Person
Stock symbol
ATIP
Transactions as of
Nov 23, 2023
Transactions value $
-$1,058
Form type
4
Date filed
11/27/2023, 05:01 PM
Previous filing
Mar 27, 2023
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATIP Class A Common Stock Tax liability -$1.06K -143 -0.28% $7.40 51.3K Nov 23, 2023 Direct F1

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
holding ATIP Stock Option (Right to Buy) 2.8K Nov 23, 2023 Class A Common Stock 2.8K $171.00 Direct F2, F3
holding ATIP Stock Option (Right to Buy) 8.15K Nov 23, 2023 Class A Common Stock 5.35K $87.00 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As of June 14, 2023, the issuer effected a reverse stock split of its common stock at a ratio of 1-or-50, resulting in every 50 shares owned by the reporting person to be combined into one share of common stock. The Reporting Person was granted Restricted Stock Units ("RSUs") which vest annually and Restricted Stock Awards ("RSAs") which vest quarterly. There are 46,520 unvested RSUs and 680 unvested RSAs.
F2 The Stock Options have been adjusted to reflect the reverse stock split that occurred on June 14, 2023.
F3 One-third of the Stock Options vest on each of the first three anniversaries of November 23, 2021, each subject to the Reporting Person's service through the applicable vesting date. 931 Stock Options remain unvested.
F4 One-third of the Stock Options vest on each of the first three anniversaries of March 7, 2022, each subject to the Reporting Person's service through the applicable vesting date. 3,566 Stock Options remain unvested.