Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MQ | Restricted Stock Units | Award | $0 | +597K | $0.00 | 597K | Mar 15, 2024 | Class A Common Stock | 597K | Direct | F1, F2 | ||
transaction | MQ | Performance Stock Units (Gross Profit) | Award | $0 | +179K | $0.00 | 179K | Mar 15, 2024 | Class A Common Stock | 179K | Direct | F3, F4 | ||
transaction | MQ | Performance Stock Units (Adjusted EBITDA) | Award | $0 | +76.8K | $0.00 | 76.8K | Mar 15, 2024 | Class A Common Stock | 76.8K | Direct | F3, F5 |
Id | Content |
---|---|
F1 | Each restricted stock unit is convertible into one share of Class A Common Stock. |
F2 | One-twelfth (1/12th) of the restricted stock units vest on June 1, 2024 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each September 1, December 1, March 1 and June 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date. |
F3 | Each performance stock unit is convertible into one share of Class A Common Stock. |
F4 | Represents the number of shares which may be issued at target under the performance stock unit ("PSU") over a period of time following achievement of certain profit targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest. |
F5 | Represents the number of shares which may be issued at target under the PSU over a period of time following achievement of certain EBITDA targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest. |