Weil Kevin 4
4 · dMY Technology Group, Inc. IV · Filed Dec 9, 2021
Insider Transaction Report
Form 4
Weil Kevin
President, Product & Business
Transactions
- Award
Earnout - Class A Shares
2021-12-07+304,460→ 304,460 total→ Class A Common Stock (304,460 underlying) - Award
Stock Option (Right to Buy)
2021-12-07+1,685,023→ 1,685,023 totalExercise: $9.75Exp: 2031-06-29→ Class A Common Stock (1,685,023 underlying) - Award
Class A Common Stock
2021-12-07+1,072,287→ 1,072,287 total
Footnotes (6)
- [F1]Pursuant to the business combination (the "Business Combination") of dMY Technology Group, Inc. IV and Planet Labs Inc. ("Former Planet"), each share of Former Planet capital stock (other than Class B common stock of Former Planet) was converted into the right to receive approximately 1.53184 shares (the "Exchange Ratio") of the issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock") at the closing of the business combination.
- [F2]Includes 1,072,287 restricted stock units ("RSUs"), each of which represent a contingent right to receive one share of issuer's Class A Common Stock. The RSUs will vest with respect to 25% of the RSUs on June 15, 2022 and in equal quarterly installments thereafter. The RSUs have no expiration date.
- [F3]Includes 1,072,287 RSUs.
- [F4]Includes 304,460 earnout shares that will vest in four substantially equal installments if the closing price of the issuer's Class A Common Stock equals or exceeds $15.00, $17.00, $19.00 and $21.00, over any 20 trading days within any 30 day trading period prior to December 7, 2026 or if the issuer consummates a change of control transaction prior to December 7, 2026 that entitles its stockholders to receive a per share consideration of at least $15.00, $17.00, $19.00 and $21.00. Issuable only if the holder continues to provide services to the issuer or its subsidiaries through the date on which the earnout shares are issued.
- [F5]At the closing of the Business Combination, each outstanding option to purchase Former Planet capital stock was converted into a right to receive a number of options to purchase Class A Common Stock based on the Exchange Ratio.
- [F6]The option vests and becomes exercisable with respect to 25% of the underlying Class A Common shares on April 5, 2022 and in equal monthly installments thereafter.