Sharon Vitti - 22 Mar 2024 Form 4 Insider Report for ATI Physical Therapy, Inc. (ATIP)

Role
Chief Executive Officer, Director
Signature
/s/Erik Kantz as Attorney-in-Fact for Reporting Person
Issuer symbol
ATIP
Transactions as of
22 Mar 2024
Net transactions value
-$92,532
Form type
4
Filing time
26 Mar 2024, 17:11:50 UTC
Previous filing
15 May 2023
Next filing
14 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATIP Class A Common Stock Tax liability $92,532 -15,219 -13% $6.08 97,554 22 Mar 2024 Direct F1, F2

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 ATIP Stock Option (Right to Buy) Award $0 +19,126 $0.000000 19,126 12 May 2023 Class A Common Stock 19,126 $78.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by the Issuer to satisfy tax withholding obligations upon vesting. The Reporting Person was granted Restricted Stock Units (RSUs) which vest annually. There are 75,893 unvested RSUs.
F2 As of June 14, 2023, the issuer effected a reverse stock split of its common stock at a ratio of 1-for-50, resulting in every 50 shares owned by the reporting person to be combined into one share of common stock.
F3 This option was adjusted to reflect the reverse stock split that occurred on June 14, 2023.