Neil Parikh - 25 Jan 2022 Form 4 Insider Report for Casper Sleep Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 25 Jan 2022
Net transaction value: -$11,355,151
SEC form: 4
Accepted by SEC: 26 Jan 2022, 15:32:36 UTC
Prior SEC filing: 06 Jul 2021
Source filing: View source filing
Reporting owner signature: /s/ Michael Monahan, Attorney-in-Fact for Neil Parikh

Key filing fact

Neil Parikh filed Form 4 for Casper Sleep Inc. on 26 Jan 2022.

Key facts

This page summarizes Neil Parikh's Form 4 filing for Casper Sleep Inc..
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 26 Jan 2022, 15:32.

Change

Previous filing in this sequence was filed on 06 Jul 2021.
Current net transaction value: -$11,355,151.

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.

CSPR transaction

Common Stock

Disposed to Issuer

Transaction value: $7,422,151
Shares: -1,075,674
Change %: -100%
Price: $6.90
Shares after: 0
Date: 25 Jan 2022
Ownership: Direct
Footnotes: F1, F2

CSPR transaction

Common Stock

Disposed to Issuer

Transaction value: $1,863,000
Shares: -270,000
Change %: -100%
Price: $6.90
Shares after: 0
Date: 25 Jan 2022
Ownership: Miesau Trust, LLC
Footnotes: F1, F3

CSPR transaction

Common Stock

Disposed to Issuer

Transaction value: $2,070,000
Shares: -300,000
Change %: -100%
Price: $6.90
Shares after: 0
Date: 25 Jan 2022
Ownership: ABE Holdings, LLC
Footnotes: F1, F4

Reported derivative securities

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

CSPR transaction Derivative

Stock Option

Disposed to Issuer

Transaction value: $0
Shares: -225,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 25 Jan 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 225,000
Exercise price: $13.60
Footnotes: F5, F6

CSPR transaction Derivative

Stock Option

Disposed to Issuer

Transaction value: $0
Shares: -120,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 25 Jan 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 120,000
Exercise price: $19.65
Footnotes: F6, F7

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Neil Parikh is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote F1

Reflects disposition in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of November 14, 2021 (the "Merger Agreement"), by and among Casper Sleep Inc. (the "Issuer"), Marlin Parent, Inc. and Marlin Merger Sub, Inc. ("Merger Sub"). On January 25, 2022, upon the closing of the merger of Merger Sub with and into the Issuer (the "Merger") contemplated by the Merger Agreement, each share of common stock of the Issuer, par value $0.000001 per share, was cancelled and automatically converted into the right to receive an amount in cash equal to $6.90 (the "Merger Consideration"), without interest, subject to applicable withholding taxes.

Footnote F2

In accordance with the Merger Agreement, each restricted stock unit award ("RSU Award") of the Issuer outstanding immediately prior to the effective time of the Merger (whether vested or unvested) was cancelled and converted into the right to receive an amount in cash, subject to applicable withholding taxes, equal to the Merger Consideration multiplied by the number of shares of Issuer common stock subject to such RSU Award.

Footnote F3

The Reporting Person is the Investment Advisor to Miesau Trust, which is the sole member of Miesau Trust, LLC.

Footnote F4

The Reporting Person is the Investment Advisor to ABE Trust, which is the sole member of ABE Holdings, LLC.

Footnote F5

The options were fully vested and exercisable.

Footnote F6

In accordance with the Merger Agreement, each option to acquire common stock of the Issuer that was unvested or had a per share exercise price equal to or greater than the Merger Consideration was cancelled for no consideration as of the effective time of the Merger.

Footnote F7

The options would have fully vested and become exercisable on July 16, 2023.

SEC remarks

Exhibit 24 - Power of Attorney.