4//SEC Filing
Xie Lucy 4
Accession 0000899243-22-017663
CIK 0001333835other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 6:00 PM ET
Size
13.6 KB
Accession
0000899243-22-017663
Insider Transaction Report
Form 4
Casa Systems IncCASA
Xie Lucy
DirectorSVP of Operations
Transactions
- Award
Restricted Stock Units
2022-05-09+321,875→ 321,875 total→ Common Stock (321,875 underlying) - Award
Restricted Stock Units
2022-05-09+128,750→ 128,750 total→ Common Stock (128,750 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") represents the right to receive one share of common stock, $0.001 par value per share (the "Common Stock") of Casa Systems, Inc. (the "Company") upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.
- [F2]These RSUs are scheduled to vest over four years, with 25% of the shares underlying the award vesting on January 1, 2023, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter. The RSUs have no expiration date.
- [F3]These RSUs are subject to performance-based vesting, the conditions for which are met upon the Company's level of achievement of pre-established performance parameters, as approved by the Company's Board of Directors, related to the performance of the stock price for the Company's Common Stock measured over the three-year period beginning on May 9, 2022, and subject to the other terms and conditions set forth in the applicable RSU agreement. These RSUs have no expiration date.
Issuer
Casa Systems Inc
CIK 0001333835
Entity typeother
Related Parties
1- filerCIK 0001723967
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 6:00 PM ET
- Size
- 13.6 KB