William P. Murnane - 29 Dec 2021 Form 4 Insider Report for Lazydays Holdings, Inc. (GORV)

Reporting relationship: Chief Executive Officer
Issuer ticker: GORV
Reported as of: 29 Dec 2021
Net transaction value: +$3,269,894
SEC form: 4
Accepted by SEC: 30 Dec 2021, 15:05:41 UTC
Prior SEC filing: 13 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ William P. Murnane

Filing notes and source

Key filing fact

William P. Murnane filed Form 4 for Lazydays Holdings, Inc. (GORV) on 30 Dec 2021.

Key facts

This page summarizes William P. Murnane's Form 4 filing for Lazydays Holdings, Inc. (GORV).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 30 Dec 2021, 15:05.

Change

Previous filing in this sequence was filed on 13 Dec 2021.
Current net transaction value: +$3,269,894.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LAZY transaction

Common Stock

Options Exercise

Transaction value: $3,269,894
Shares: +294,585
Change %: +34%
Price: $11.10
Shares after: 1,150,021
Date: 29 Dec 2021
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LAZY transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -294,585
Change %: -67%
Price: $0.000000
Shares after: 145,841
Date: 29 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 294,585
Exercise price: $11.10
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The option shall vest as follows and shall be exercisable only to the extent that it has vested: 30% of the option shall vest once the VWAP (defined below) is equal to or greater than $13.125 per share for at least thirty (30) out of thirty-five (35) consecutive trading days ("Specific Period"); an additional 30% of the option shall vest once the VWAP is equal to or greater than $17.50 per share for a Specific Period; an additional 30% of the option shall vest once the VWAP is equal to or greater than $21.875 per share for a Specific Period; and an additional 10% of the option shall vest once the VWAP is equal to or greater than $35 per share for a Specific Period; provided that the reporting person remains continuously employed by the company (and/or any of its subsidiaries) from the grant date through (and including) the relevant date of vesting. Any such VWAP shall be adjusted for share splits, extraordinary dividends, reorganizations, recapitalizations or similar events.

Footnote F2

"VWAP" means, for any date, the price determined by the first of the following clauses that applies: (a) if the shares are then listed or quoted on a national securities exchange, the daily volume weighted average price of the shares for such date (or the nearest preceding date) on the national securities exchange on which the shares are then listed or quoted as reported by Bloomberg L.P. (based on a trading day from 9:30 a.m. (New York City time) to 4:00 p.m. (New York City time)), (b) if the shares are not then listed or quoted for trading on any national securities exchange and if prices for the shares are then reported on the OTC Bulletin Board or in the "Pink Sheets" published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the shares so reported, or (c) in all other cases, the fair market value of the shares as determined in good faith by the committee.