Bruckner Scott 4
4 · Casa Systems Inc · Filed May 16, 2023
Insider Transaction Report
Form 4
Casa Systems IncCASA
Bruckner Scott
Interim CFO
Transactions
- Award
Restricted Stock Units
2023-05-12+275,230→ 275,230 total→ Common Stock (275,230 underlying)
Footnotes (2)
- [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]The RSUs are scheduled to vest over three years, with 1/12th of the shares underlying the award vesting on June 13, 2023, and the remainder of the shares underlying the award vesting in eleven equal quarterly installments thereafter. The RSUs have no expiration date.