KOSTELNI JEFFREY C 4
4 · Bowlero Corp. · Filed Mar 6, 2023
Insider Transaction Report
Form 4
Bowlero Corp.BOWL
KOSTELNI JEFFREY C
Chief Accounting Officer
Transactions
- Tax Payment
Class A Common Stock
2023-03-02$15.90/sh−449$7,139→ 15,940 total
Footnotes (2)
- [F1]Represents shares withheld to cover tax obligations upon the vesting of restricted shares ("Restricted Shares") of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") received pursuant to the Business Combination Agreement in connection with the acquisition by the Issuer of Bowlero Corp. (the "Acquisition"). 50% of the Restricted Shares vested March 2, 2023 upon the closing share price of the Class A Common Stock equaling or exceeding $15.00 per share for 10 trading days within a consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition. (cont'd in FN2)
- [F2](cont'd from FN1) The remaining 50% of the Restricted Shares will vest if the closing share price of the Class A Common Stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and will otherwise be forfeited on the 5-year anniversary of the closing of the Acquisition.