Chelliah Melinda 4
4 · Wag! Group Co. · Filed Aug 9, 2022
Insider Transaction Report
Form 4
Chelliah Melinda
Director
Transactions
- Award
Common Stock
2022-08-09+84,641→ 84,641 total
Footnotes (3)
- [F1]The restricted stock awards ("RSAs") vest in 16 equal quarterly installments, with a one year cliff beginning on August 6, 2021.
- [F2]Received in exchange for 87,077 RSAs of Wag Labs, Inc. RSAs that automatically converted into shares of Wag! Group Co. Common Stock on a 1 for 0.97 basis in connection with merger of Wag Labs, Inc. into Wag! Group Co. (the "Business Combination") upon the closing date of the Business Combination.
- [F3]The Business Combination Agreement provides that certain eligible company equity holders will receive earn-out shares as additional consideration for the company interests acquired in connection with the Business Combination, for no consideration, after certain triggering events as defined in the Business Combination Agreement. The reporting person's right to receive additional shares pursuant to this earn-out right became fixed on August 9, 2022, the effective date of the Business Combination.