Pradhan Anshu 4

Accession 0000899243-21-011058

CIK 0001811856other

View on SEC.gov Company Profile

Filed

Mar 9, 7:00 PM ET

Accepted

Mar 10, 6:41 PM ET

Size

20.4 KB

Accession

0000899243-21-011058

Insider Transaction Report

Form 4

Period: 2021-03-08

CF Finance Acquisition Corp IIVIEW

Pradhan Anshu

See Remarks

Transactions

Award
Stock Options
2021-03-08+11,625→ 11,625 total
Exercise: $9.04→ Class A Common Stock (11,625 underlying)
Award
Stock Options
2021-03-08+700,000→ 700,000 total
Exercise: $10.00→ Class A Common Stock (700,000 underlying)
Award
Stock Options
2021-03-08+116,249→ 116,249 total
Exercise: $9.04→ Class A Common Stock (116,249 underlying)
Award
Stock Options
2021-03-08+18,600→ 18,600 total
Exercise: $15.77→ Class A Common Stock (18,600 underlying)
Award
Class A Common Stock
2021-03-08+714,531→ 714,531 total
Award
Stock Options
2021-03-08+348,749→ 348,749 total
Exercise: $9.04→ Class A Common Stock (348,749 underlying)

Footnotes (7)

[F1]In connection with the Issuer's business combination (the "Business Combination") with View, Inc. ("Legacy View") in accordance with the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 30, 2020, among the Issuer (f/k/a CF Finance Acquisition Corp. II), PVMS Merger Sub, Inc. and Legacy View, each share of Legacy View common stock was converted into 0.02325 shares of the Issuer's Class A Common Stock upon the closing of the Business Combination. Upon the closing of the Business Combination, 700,000 restricted stock units ("RSUs") were granted to the reporting person under the Issuer's 2021 Equity Incentive Plan ("2021 Plan"). The RSUs are subject to both time and performance based vesting. 1/4th of the RSUs will time vest on March 8, 2022 and 1/48th on the same day of each month for the next three years, so that all such shares subject to this award will be fully time vested on March 8, 2025.
[F2](Continued from Footnote 1) 1/2 of the RSUs will performance vest if the average closing stock price of shares of the Issuer's Class A Common Stock equals or exceeds $15.00 per share over a sixty (60) trading day period at any time during the four year vesting period ("$15 hurdle"), and all of the RSUs will performance vest if the average closing stock price of shares of the Issuer's Class A Common Stock equals or exceeds $20.00 per share over a sixty (60) trading day period at any time during the four year vesting period ("$20 hurdle"). If the $15 hurdle has not been met by March 8, 2025, all of the RSUs will be forfeited and returned to the 2021 Plan. If the $15 hurdle has been met but not the $20 hurdle by March 8, 2025, 1/2 of the RSUs will be forfeited and returned to the 2021 Plan.
[F3]Upon the closing of the Business Combination, each stock option issued under Legacy View's Amended and Restated 2018 Equity Incentive Plan ("Stock Option") was converted into an option to purchase a number of shares of the Issuer's Class A Common Stock in accordance with the Merger Agreement, and the Stock Options granted to the reporting person on September 5, 2012 were converted into options to purchase 11,625 shares of the Issuer's Class A Common Stock at an exercise price of $9.04. 1/4th of the shares subject to this award vested on August 24, 2013 and 1/36th of the shares subject to this award vested on the same day of each month thereafter, so that all such shares subject to the award were fully vested and exercisable on August 24, 2016.
[F4]The Stock Options granted to the reporting person on May 5, 2016 were converted into options to purchase 18,600 shares of the Issuer's Class A Common Stock at an exercise price of $15.77. 1/5th of the shares subject to this award vested on October 1, 2016 and 1/60th of the shares subject to this award vested on the same day of each month thereafter, so that all such shares subject to the award were fully vested and exercisable on October 1, 2020.
[F5]The Stock Options granted to the reporting person on December 4, 2018 were converted into options to purchase 348,749 shares of the Issuer's Class A Common Stock at an exercise price of $9.04. 1/48th of the shares subject to this award vested on December 1, 2018 and 1/48th of the shares subject to this award vested on the same day of each month thereafter, so that all such shares subject to the award were fully vested and exercisable on November 1, 2022.
[F6]The Stock Options granted to the reporting person on November 13, 2019 were converted into options to purchase 116,249 shares of the Issuer's Class A Common Stock at an exercise price of $9.04. 1/48th of the shares subject to this award vested on October 1, 2019 and 1/48th of the shares subject to this award vested on the same day of each month thereafter, so that all such shares subject to the award were fully vested and exercisable on September 1, 2023.
[F7]Upon the closing of the Business Combination, stock options were granted from the Issuer's 2021 Equity Incentive Plan ("2021 Stock Option"). The 2021 Stock Options granted to the reporting person on the closing date of the Business Combination ("Closing Date") were options to purchase 700,000 shares of the Issuer's Class A Common Stock at an exercise price of $10.00 per share. 1/4th of the shares subject to this award will vest on the one year anniversary of the Closing Date and on the same day of each month for the next three years, so that all such shares subject to the award will be fully vested and exercisable on the four year anniversary of the Closing Date.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

CF Finance Acquisition Corp II

CIK 0001811856

→

Entity typeother

Related Parties

filerCIK 0001850214

Filing Metadata

Form type: 4
Filed: Mar 9, 7:00 PM ET
Accepted: Mar 10, 6:41 PM ET
Size: 20.4 KB

View on SEC.gov