Key facts
- This page summarizes Jim S. Tsai's Form 4 filing for Snail, Inc. (SNAL).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 14 Nov 2022, 15:12.
Jim S. Tsai - 09 Nov 2022 Form 4 Insider Report for Snail, Inc. (SNAL)
- Reporting relationship
- Chief Executive Officer
- Issuer ticker
- SNAL
- Reported as of
- 09 Nov 2022
- Net transaction value
- $0
- Reporting owner signature
- /s/ Heidy Chow, Attorney-In-Fact for Jim Tsai
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Jim S. Tsai filed Form 4 for Snail, Inc. (SNAL) on 14 Nov 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SNAL
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +436,800
- Change %
- Price
- $0.000000
- Shares after
- 436,800
- Date
- 09 Nov 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 436,800
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Represents performance-based restricted stock units ("RSUs") granted under the Issuer's 2022 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. The RSUs have no expiration date.
Footnote F2
The RSUs vest as follows: 10% vest on November 9, 2023 if the Issuer's Average Annual Growth Rate (as defined in the applicable award agreement under the Plan, the "AAGR") is 15% or above during the one-year period following November 9, 2022 (the "IPO Date"); an additional 15% vest on November 9, 2024 if the Issuer's AAGR is 30% or above during the two-year period following the IPO Date; an additional 20% vest on November 9, 2025 if the Issuer's AAGR is 45% or above during the three-year period following the IPO Date;
Footnote F3
an additional 25% vest on November 9, 2026 if the Issuer's AAGR is 60% or above during the four-year period following the IPO Date; an additional 30% on November 9, 2027 if the Issuer's AAGR is 75% or above during the five-year period following the IPO Date, in each case, subject to the reporting person's continuous service through the applicable vesting date; further, if the 75% AAGR is achieved during the period between the IPO Date and the fifth anniversary of the IPO Date, any unvested RSUs that did not vest solely due to failure to satisfy the relevant target AAGR on each of the prior vesting dates will vest in full.