4//SEC Filing
Saunders Andrew James 4
Accession 0001104659-22-095246
CIK 0001898496other
Filed
Aug 25, 8:00 PM ET
Accepted
Aug 26, 6:17 PM ET
Size
23.9 KB
Accession
0001104659-22-095246
Insider Transaction Report
Form 4
Saunders Andrew James
Senior Vice President
Transactions
- Award
Stock Option (Right to Buy)
2022-07-22+206,887→ 206,887 totalExercise: $3.13Exp: 2027-02-26→ Class A common stock (206,887 underlying) - Award
Stock Option (Right to Buy)
2022-07-22+63,952→ 63,952 totalExercise: $2.74Exp: 2029-04-10→ Class A common stock (63,952 underlying) - Exercise/Conversion
Earnout Shares
2022-08-24−1,746→ 3,492 total→ Class A common stock (1,746 underlying) - Award
Class A common stock
2022-07-22+18,325→ 18,325 total - Exercise/Conversion
Class A common stock
2022-08-24+1,746→ 20,071 total - Exercise/Conversion
Class A common stock
2022-08-25+3,492→ 23,563 total - Award
Stock Option (Right to Buy)
2022-07-22+412,656→ 412,656 totalExercise: $3.13Exp: 2027-03-01→ Class A common stock (412,656 underlying) - Award
Earnout Shares
2022-07-22+5,238→ 5,238 total→ Class A common stock (5,238 underlying) - Exercise/Conversion
Earnout Shares
2022-08-25−3,492→ 0 total→ Class A common stock (3,492 underlying)
Footnotes (6)
- [F1]This transaction occurred in connection with the Business Combination Agreement (as defined in note 2) and prior to the effectiveness of the Issuer's registration under Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and is being reported on this Form 4 solely for purposes of compliance with Rule 16a-2(a) under the Exchange Act. The securities covered by such transaction were previously included on the Reporting Person's Form 3.
- [F2]Pursuant to the Business Combination Agreement, dated as of December 9, 2021, among the Issuer and certain other parties (the "Business Combination Agreement"), the Reporting Person had the contingent right (an "earnout") to receive a pro rata amount of shares of Class A common stock of the Issuer (the "Class A common stock"), if at any time during the 10 year period following July 22, 2022, the volume weighted average price of the Class A common stock was greater than or equal to, for any 20 trading days within any 30 consecutive trading day period: $12.50 for the first earnout (the "First Price Triggering Event"); $15.00 for the second earnout (the "Second Price Triggering Event"); and $17.50 for the third earnout (the "Third Price Triggering Event").
- [F3]The First Price Triggering Event occurred on August 24, 2022, upon which the Reporting Person became entitled to receive 1,746 shares of Class A common stock in accordance with the Business Combination Agreement.
- [F4]The Second Price Triggering Event and the Third Price Triggering Event occurred on August 25, 2022, upon which the Reporting Person became entitled to receive an aggregate 3,492 shares of Class A common stock in accordance with the Business Combination Agreement.
- [F5]Pursuant to the Issuer's Bylaws, the Reporting Person is subject to a transfer lock up period until January 19, 2023 (subject to customary exceptions) in respect of the shares of Class A common stock received in accordance with the Business Combination Agreement, including for the avoidance of doubt, the shares of Class A common stock entitled to be received as described in notes 3 and 4 above.
- [F6]Stock options are fully vested and exercisable.
Documents
Issuer
Getty Images Holdings, Inc.
CIK 0001898496
Entity typeother
Related Parties
1- filerCIK 0001939281
Filing Metadata
- Form type
- 4
- Filed
- Aug 25, 8:00 PM ET
- Accepted
- Aug 26, 6:17 PM ET
- Size
- 23.9 KB