KAHN STEVEN 4
4 · Trinity Place Holdings Inc. · Filed Jan 3, 2025
Insider Transaction Report
Form 4
KAHN STEVEN
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2025-01-02+22,500→ 172,860 total - Exercise/Conversion
Common Stock
2025-01-02+25,000→ 188,557 total - Exercise/Conversion
Restricted Stock Units
2025-01-02−22,500→ 0 total→ Common Stock (45,000 underlying) - Tax Payment
Common Stock
2025-01-02$0.07/sh−9,303$651→ 163,557 total - Tax Payment
Common Stock
2025-01-02$0.07/sh−10,337$724→ 178,220 total - Exercise/Conversion
Restricted Stock Units
2025-01-02−25,000→ 25,000 total→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") converts into one share of common stock of Trinity Place Holdings Inc. (the "Issuer").
- [F2]On January 3, 2023, the reporting person was granted 45,000 RSUs. 22,500 of the RSUs vested on each of January 1, 2024 and 2025. The settlement of the RSUs that vested on January 1, 2025 occurred on January 2, 2025.
- [F3]On January 2, 2024, the reporting person was granted 50,000 RSUs. 25,000 of the RSUs vested on January 1, 2025 and 25,000 RSUs will vest on January 1, 2026, subject to the reporting person's continued employment on the vesting date. In the event the reporting person's employment is terminated by the Company without Cause (as defined in the reporting person's employment agreement), the remaining 25,000 RSUs that had not previously vested will immediately vest. The settlement of the vested RSUs occurred on January 2, 2025.