Paro Philip Jr. 4
4 · Casa Systems Inc · Filed Sep 14, 2023
Insider Transaction Report
Form 4
Casa Systems IncCASA
Paro Philip Jr.
Chief Accounting Officer
Transactions
- Award
Restricted Stock Units
2023-09-13+101,000→ 101,000 total→ Common Stock (101,000 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 four years, with 1/4th of the shares underlying the award vesting on September 11, 2024, and the remainder of the shares underlying the award vesting in three equal annual installments thereafter. The RSUs have no expiration date.