Patel Nirav 4
4 · Mastech Digital, Inc. · Filed Jan 8, 2025
Insider Transaction Report
Form 4
Patel Nirav
DirectorPresident and CEO
Transactions
- Award
Employee Stock Option (Right to Buy)
2025-01-06+702,358→ 702,358 totalExercise: $15.41Exp: 2035-01-06→ Common Stock (702,358 underlying)
Footnotes (2)
- [F1]On January 6, 2025, Mr. Patel received an award of a non-qualified stock option to purchase 702,358 shares of common stock of the Company. The option will vest as follows: (i) 87,795 shares will vest on January 6, 2026; (ii) 87,795 shares will vest on January 6, 2027; (iii) 87,795 shares will vest on January 6, 2028; (iv) 87,794 shares will vest on January 6, 2029; (v) 175,589 shares will vest on the first date during Mr. Patel's term of employment that the Company's Quarterly Average Market Capitalization (as defined in the stock option agreement executed by Mr. Patel with respect to the options) is greater than $300,000,000;
- [F2](Continued From Footnote 1) (vi) 87,795 shares will vest on the first date during Mr. Patel's term of employment that the Company's Quarterly Average Market Capitalization is greater than $450,000,000; and (vii) 87,795 shares will vest on the first date during Mr. Patel's term of employment that the Company's Quarterly Average Market Capitalization is greater than $600,000,000.