Oren Noam 4

Accession 0000950103-21-009675

CIK 0001845815other

View on SEC.gov Company Profile

Filed

Jun 28, 8:00 PM ET

Accepted

Jun 29, 7:45 PM ET

Size

32.1 KB

Accession

0000950103-21-009675

Insider Transaction Report

Form 4

Period: 2021-06-25

Payoneer Global Inc.PAYO

Oren Noam

Chief Technology Officer

Transactions

Award
Stock Option (Right to Buy)
2021-06-25+79,828→ 79,828 total
Exercise: $0.62Exp: 2025-01-25→ Common Stock (79,828 underlying)
Award
Stock Option (Right to Buy)
2021-06-25+188,000→ 188,000 total
Exercise: $3.02Exp: 2027-02-11→ Common Stock (188,000 underlying)
Award
Common Stock
2021-06-25+477,227→ 477,227 total
Award
Stock Option (Right to Buy)
2021-06-25+300,800→ 300,800 total
Exercise: $2.80Exp: 2028-02-04→ Common Stock (300,800 underlying)
Award
Stock Option (Right to Buy)
2021-06-25+310,203→ 310,203 total
Exercise: $2.90Exp: 2029-02-20→ Common Stock (310,203 underlying)
Award
Stock Option (Right to Buy)
2021-06-25+82,720→ 82,720 total
Exercise: $2.74Exp: 2030-03-17→ Common Stock (82,720 underlying)
Award
Stock Option (Right to Buy)
2021-06-25+62,666→ 62,666 total
Exercise: $7.87Exp: 2031-02-05→ Common Stock (62,666 underlying)
Award
Stock Option (Right to Buy)
2021-06-25+94,000→ 94,000 total
Exercise: $0.01Exp: 2031-02-05→ Common Stock (94,000 underlying)
Award
Stock Option (Right to Buy)
2021-06-25+274,449→ 274,449 total
Exercise: $1.41Exp: 2026-02-14→ Common Stock (274,449 underlying)
Award
Stock Option (Right to Buy)
2021-06-25+124,080→ 124,080 total
Exercise: $0.01Exp: 2030-03-17→ Common Stock (124,080 underlying)
Award
Earnout Rights
2021-06-25+176,225→ 176,225 total
Exp: 2026-06-25→ Common Stock (176,225 underlying)

Footnotes (14)

[F1]Pursuant to the Agreement and Plan of Reorganization, dated as of February 3, 2021, as amended on February 16, 2021, May 10, 2021 and June 22, 2021, by and among New Starship Parent, Inc. ("New Starship"), Starship Merger Sub I Inc. ("Merger Sub I"), Starship Merger Sub II, Inc. ("Merger Sub II"), Payoneer Inc. ("Legacy Payoneer") and FTAC Olympus Acquisition Corp. ("SPAC"), Merger Sub I merged with and into SPAC, with SPAC surviving as a direct wholly owned subsidiary of New Starship (the "SPAC Merger") and, immediately after the SPAC Merger, Merger Sub II merged with and into Legacy Payoneer, with Legacy Payoneer surviving as a direct wholly owned subsidiary of New Starship, with New Starship subsequently changing its name to Payoneer Global Inc. (the "Issuer"). The transactions contemplated by the Agreement and Plan of Reorganization and the amendments thereto are referred to herein as the "Reorganization"
[F10]174,488 shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 165,002 shares of common stock of Legacy Payoneer.
[F11]25,850 shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 44,000 shares of common stock of Legacy Payoneer.
[F12]38,775 shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 66,000 shares of common stock of Legacy Payoneer.
[F13]No shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 33,333 shares of common stock of Legacy Payoneer. 25% of the shares subject to this option vest on February 5, 2022, and the remainder vest ratably on a quarterly basis thereafter.
[F14]No shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 50,000 shares of common stock of Legacy Payoneer.
[F2]Pursuant to the terms of the Reorganization Agreement, the shareholders of Legacy Payoneer at the effective time of the Reorganization (the "Effective Time") received 1.88 shares of common stock of the Issuer ("Common Stock") for each share of common stock of Legacy Payoneer held by them immediately prior to the Effective Time and certain rights to additional shares of Common Stock upon the achievement of certain milestones as described in the Reorganization Agreement (the "Earnout Rights"). Additionally, certain equity awards of Legacy Payoneer were cancelled and converted into equity awards of the Issuer.
[F3]Reflects shares of Common Stock acquired pursuant to the Reorganization Agreement.
[F4]Reflects Earnout Rights acquired pursuant to the Reorganization Agreement. Pursuant to earnout provisions in the Reorganization Agreement, the Reporting Person is entitled to receive such shares of Common Stock if, from the closing of the Reorganization (the "Closing") until the fifth anniversary thereof, the closing per share price of Common Stock exceeds certain thresholds as discussed below.
[F5]Of these Earnout Rights, one-half will be issued if the closing per share price of Common Stock is greater than or equal to $15.00 for any 20 trading days within any 30 trading day period within the first 30 months following the Closing, and one-half will be issued if the closing per share price of Common Stock is greater than or equal to $17.00 for any 20 trading days within any 30 trading day period within the first 60 months following the Closing. The issuance of such shares are subject to certain adjustments, including pro rata adjustments, as set forth in the Reorganization Agreement
[F6]This option is fully vested and exercisable. This option was received in the Reorganization in exchange for an option to purchase 80,000 shares of common stock of Legacy Payoneer.
[F7]This option is fully vested and exercisable. This option was received in the Reorganization in exchange for an option to purchase 145,984 shares of common stock of Legacy Payoneer.
[F8]This option is fully vested and exercisable. This option was received in the Reorganization in exchange for an option to purchase 100,000 shares of common stock of Legacy Payoneer.
[F9]244,400 shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 160,000 shares of common stock of Legacy Payoneer.

Documents

1 file

4
dp153333_4-oren.xmlPrimary
FORM 4

Issuer

Payoneer Global Inc.

CIK 0001845815

→

Entity typeother

Related Parties

filerCIK 0001868932

Filing Metadata

Form type: 4
Filed: Jun 28, 8:00 PM ET
Accepted: Jun 29, 7:45 PM ET
Size: 32.1 KB

View on SEC.gov