Lucy Xie - 08 Jan 2023 Form 4 Insider Report for Casa Systems Inc

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 08 Jan 2023
Net transaction value: -$889,859
SEC form: 4
Accepted by SEC: 10 Jan 2023, 17:00:15 UTC
Prior SEC filing: 11 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Timothy C. Rodenberger, as Attorney-in-Fact

Key filing fact

Lucy Xie filed Form 4 for Casa Systems Inc on 10 Jan 2023.

Key facts

This page summarizes Lucy Xie's Form 4 filing for Casa Systems Inc.
11 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 10 Jan 2023, 17:00.

Change

Previous filing in this sequence was filed on 11 May 2022.
Current net transaction value: -$889,859.

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.

CASA transaction

Common Stock

Options Exercise

Transaction value
Shares: +31,570
Change %: +1.5%
Price
Shares after: 2,200,949
Date: 08 Jan 2023
Ownership: Direct
Footnotes: F1

CASA transaction

Common Stock

Options Exercise

Transaction value
Shares: +106,606
Change %: +4.8%
Price
Shares after: 2,307,555
Date: 08 Jan 2023
Ownership: Direct
Footnotes: F1

CASA transaction

Common Stock

Options Exercise

Transaction value
Shares: +143,802
Change %: +6.2%
Price
Shares after: 2,451,357
Date: 08 Jan 2023
Ownership: Direct
Footnotes: F1

CASA transaction

Common Stock

Options Exercise

Transaction value
Shares: +321,875
Change %: +13%
Price
Shares after: 2,773,232
Date: 08 Jan 2023
Ownership: Direct
Footnotes: F1

CASA transaction

Common Stock

Options Exercise

Transaction value
Shares: +128,750
Change %: +4.6%
Price
Shares after: 2,901,982
Date: 08 Jan 2023
Ownership: Direct
Footnotes: F1

CASA transaction

Common Stock

Tax liability

Transaction value: $889,859
Shares: -272,545
Change %: -9.4%
Price: $3.26
Shares after: 2,629,437
Date: 08 Jan 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

CASA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -31,570
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Jan 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 31,570
Exercise price
Footnotes: F3, F4

CASA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -106,606
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Jan 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 106,606
Exercise price
Footnotes: F3, F5

CASA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -143,802
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Jan 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 143,802
Exercise price
Footnotes: F3, F6

CASA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -321,875
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Jan 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 321,875
Exercise price
Footnotes: F3, F7

CASA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -128,750
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Jan 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 128,750
Exercise price
Footnotes: F3, F8

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Restricted stock units ("RSUs") converted into common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") on a one-for-one basis upon vesting of the RSUs.

Footnote F2

Shares withheld by the Company to satisfy tax withholding requirements on vesting of RSUs.

Footnote F3

Each RSU represents the right to receive one share of Common Stock upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.

Footnote F4

Pursuant to the Separation Agreement entered into by the Company and the reporting person on November 29, 2022 (the "Separation Agreement"), the vesting of the RSUs granted to the reporting person on February 5, 2019 was fully accelerated and all of the shares underlying the award became vested as of January 8, 2023. The RSUs have no expiration date.

Footnote F5

Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on February 25, 2020 was fully accelerated and all of the shares underlying the award became vested as of January 8, 2023. The RSUs have no expiration date.

Footnote F6

Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on February 23, 2021 was fully accelerated and all of the shares underlying the award became vested as of January 8, 2023. The RSUs have no expiration date.

Footnote F7

Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on May 9, 2022 was fully accelerated and all of the shares underlying the award became vested as of January 8, 2023. The RSUs have no expiration date.

Footnote F8