Rassey Louis 4
4 · Fast Radius, Inc. · Filed Apr 19, 2022
Insider Transaction Report
Form 4
Rassey Louis
DirectorChief Executive Officer10% Owner
Transactions
- Award
Restricted Stock Units
2022-04-15+6,007,171→ 6,007,171 total→ Common Stock (6,007,171 underlying) - Award
Restricted Stock Units
2022-04-15+43,353→ 43,353 total→ Common Stock (43,353 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of FSRD common stock.
- [F2]The RSUs are fully vested upon being granted. The grant will be settled pursuant to the terms of FSRD's 2022 Equity Incentive Plan.
- [F3]The RSUs are eligible to vest in installments contingent upon Mr. Rassey's continued employment as Chief Executive Officer through the date of attainment of each of the following FSRD common stock share price performance goals ("Price Hurdles"): 10% of the total number of RSUs are eligible to vest upon attainment of a $15.00 price per share of FSRD common stock, 10% of the total number of RSUs are eligible to vest upon attainment of a $20.00 price per share of FSRD common stock, 10% of the total number of RSUs are eligible to vest upon attainment of a $25.00 price per share of FSRD common stock, 10% of the total number of RSUs are eligible to vest upon attainment of a $30.00 price per share of FSRD common stock, 10% of the total number of RSUs are eligible to vest upon attainment of a $35.00 price per share of FSRD common stock, 10% of the total number of RSUs are eligible to vest upon attainment of a $40.00 price per share of FSRD common stock,
- [F4](Continued from Footnote 3), and 10% of the total number of RSUs are eligible to vest upon attainment of a $80.00 price per share of FSRD common stock. Once any portion of the grant vests based on achievement of a specific Price Hurdle, no additional portion of the grant may vest based on any subsequent attainment of the same Price Hurdle on any later date during the term of the grant. The grant will be settled pursuant to the terms of FSRD's 2022 Equity Incentive Plan.